Would like to go short on ACC: Ashuu Kakkarr
In ACC there seems to be some kind of supply zone closer to about 1030-1040.
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| Ashuu Kakkarr, Technical Analyst, Market Strategist, ashuukakkarr.com, in a chat with ET Now talks about the cement sapce.
What is your view on the kind of movement that we are spotting in the cement counters and what is your one pick from that space?
At this point of time, in ACC there seems to be some kind of supply zone closer to about 1030-1040. So if I have to take a trade, I would like to go short - the current market price is closer to 1020-1025 - may be with a stop loss closer to about 1050. My short-term target could be around 995. So that should be a short call on ACC at this point of time.
What is your view on the kind of movement that we are spotting in the cement counters and what is your one pick from that space?
At this point of time, in ACC there seems to be some kind of supply zone closer to about 1030-1040. So if I have to take a trade, I would like to go short - the current market price is closer to 1020-1025 - may be with a stop loss closer to about 1050. My short-term target could be around 995. So that should be a short call on ACC at this point of time.
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