Buy Ambuja Cements for the target prices of Rs 217.5/219.5/Higher with a stop loss of Rs 211.5: ICICIDirect

Last Updated: Wed, Dec 12, 2012 04:20 hrs

We said, "2-day low 19362-63 appears crucial support ... but watch if strength holds beyond morning session." Holding 19362, Index initially shot up 200 pts. However, failing to hold the strength later, dropped over 300 pts intra-day, before ending marginally negative. Except FMCG, all sectors lost, and A/D ratio ended negative, at 1:3.


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