ULTRACEMCO added around 2.5% of open interest as fresh long positions. In line with other cement stocks, it has also witnessed addition of long positions. It has also created a fresh buying pivot on daily as well as on weekly charts near price support zone of 3940-3950 levels. We recommend buying ULTRACEMCO Apr futures as per levels given below.
BUY ULTRACEMCO APR FUTS BETWEEN 4000-4020, SL 3950, TARGET 4150.
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