Buy Ambuja Cement with target of 139-154: Mitesh Thacker

"I have got a buy on Ambuja Cement with a price target of 154-139. This is a contra buy."

Mitesh Thacker, Technical Analyst, miteshthacker.com, talks to ET Now on various stocks.

What is your call on Ambuja Cement?

I have got a buy on Ambuja Cement with a price target of 154-139. This is a contra buy. We have been trading on the short side but I have mentioned time and again that cement would be one sector probably I would be comfortable having longs upon as the kind of portfolio hedge.
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