Buy ACC around 920 to 950: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about cement.

ET Now: Is it time to short cement further?

Ashwani Gujral: They are getting closer to support now and we have seen these probes happening all the time. Sesa Goa went through this probe as well. So probably once these news flows are out, you would tend to buy Ambuja Cement around 120-125. ACC around probably 920 to 950 comes into a buy zone. So once the news is out, it is a loser’s game to act on that news. So chances are if you get them at lower prices, it is a good bet to buy them. They are not volatile, they are within this range. So as they come to the lower end of the range, look towards buying.