Panda told CNBC-TV18, "Our recommendation would be to look at ITC, which is holding well above Rs 300 levels, so we keep a stoploss there upto maybe Rs 295 and you should see higher levels of Rs 318 and above. So, we believe that ITC is a good stock where we can look at buying."
He further added, "We believe that we can see Rs 170-172 levels on Ambuja Cements . Keep a stoploss of Rs 195. It is another stock among the cement pack, which has built up short position. So, Rs 172 is the target and Rs 195 is stoploss. Sell Ambuja in the coming week."
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