Sell Ambuja Cements Ltd For Target Rs.364 - Religare Broking
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Derivative Ideas
AMBUJACEM FUT shed 1.7% and closed at 369.6 on 21st Jan. After finding Resistance at 410 levels, AMBUJACEM gave negative closing for 4 consecutive sessions. Now as the Scrip is trading below its crucial 21 EMA with Fresh Shorts being added in its FUT, we recommend to go Short in AMBUJACEM FUTS.
Strategy:- SELL AMBUJACEM JAN FUTS @ 373-376, SLOSS AT 381, TRGT 364.
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