Sell Ambuja Cement, stop loss at 170-171: CK Narayan

CK Narayan, Growth Avenues Asset Advisors in an interview with ET Now talks about Ambuja Cement.

What is your call on Ambuja Cement?

I have a sell call in Ambuja Cement trading at about 167-168. That is a range to sell this short. Looking for a target around 160-161, maintaining a stop loss of about four to five odd points. 170-171 is where we should keep a stop loss. I see most of the cement stocks are getting pressure today, Ambuja looks a little weaker than the rest of them.