Buy Sundaram Clayton on declines; Mangalam Cement with a stoploss at Rs 205: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com, talks to ET Now on his views on Sundaram Clayton & Mangalam Cement stocks.

Sundaram Clayton, have you seen the charts there, the stock is pretty active on the small cap index right now?

Sundaram Clayton, again today's hike coincides with the 200-day moving average at around 134 and looks more like a spiky chart. Again if it makes a move above 135-140 levels, then you could have a strong trend developing in this one. Otherwise you could look to buy this stock on declines to around 120 or 115 where it becomes a good accumulation candidate.

Mangalam Cement, that is another one which is active.

Mangalam Cement, you could trade long on this one with a stop of closer to 205 and on the upside you could look for targets of 225-230 but 205 should be a fixed stop loss for this trade.