Sell Ambuja Cements: Deepak Mohoni

The stock is in an intermediate downtrend while market is in an uptrend. From that perspective, it is a reasonably safe short sale.

Deepak Mohoni, Director, trendwatchindia.com in a chat with ET Now gives his views on various stocks.

What is your call on Ambuja Cements?

Short sell Ambuja Cement with a stop loss of 171.5. This is purely a day trade. But it is in an intermediate downtrend while market is in an uptrend.

From that perspective, it is a reasonably safe short sale. The stop loss of course is 171.5.
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