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Religare Super Ideas
UltraTech Cement Limited (ULTRACEMCO)
After a marginal dip from its record high, ULTRCEMCO has surged strongly today i.e. June 20, supported with decent rise in volume. The chart formation along with existences of crucial support zone of short term moving averages around 4420 levels, is adding to the positivity. We advise creating fresh longs as per the mentioned levels.
BUY FUTS UltraTech Cement Ltd @4575-4585 Stoploss 4480 Target 4750 CMP 4590
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