Cement scrips have turned lively and are good plays for short term players Grasim has moved up after hitting a bottom at Rs 373. It will come up against a resistance at Rs 427. If it crosses, that it will continue to move higher. As there has been a good volume entry on Thursday, the scrip is a reasonable bet. It is good to sell short the scrip at Rs 427, but put a stop loss at Rs 428. If it crosses Rs 428, go plus again. The technical indicators have signalled a buy. ACC too has stabilised.
Here, the stochastic indicator is still in the sell mode. Yet it may move up to Rs 240. Get into Larsen at Rs 397. Put a stop loss at Rs 396 or slightly lower. Gujarat Ambuja looks vibrant. Yet I expect not only profit booking, but actually short selling at above Rs 673.
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