Published on 21/04/2017 11:38:42 AM | Source: Religare Securities Ltd

Derivative Ideas UltraTech Cement Ltd For Target Rs.4150.00 - Religare Sec

Posted in Broking Firm Views - Short Term Report | #Ultratech Cement Ltd #Cement Sector #Trading Report #Religare Securities Ltd


Derivative Ideas

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.

 

Strategy:

BUY ULTRACEMCO APR FUTS BETWEEN 4000-4020, SL 3950, TARGET 4150.

 

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