Live bsense Live Volume Todays L/H PlusICICI Direct's research on UltraTech CementRecommendationUltraTech Cement available in the range Rs 6775-6875. Target: Rs 7770. Stop Loss: Rs 6316. Timeframe: Three months.Quantitative Outlook & DerivativesBroader markets are outperforming the Nifty. In a sustained market recovery, some stocks in the infrastructure sector could see renewed momentum. Cement stocks such as UltraTech Cement will likely perform better during the upcoming trading sessions, thanks to the continuing recovery in sectoral peers such as ACC and Ambuja Cement.UltraTech has received support at Rs 6600-6700 levels in multiple cases since May 2021. These levels are also crucial when you consider the large delivery volumes in May 2021 and mid-June 2021. This scenario could lead to a positive bias in stock until these levels are maintained.Click here to view all the recommendations reportsDisclaimer: Investment experts/broking houses/rating agents on moneycontrol.com may express opinions and offer investment tips. These views are not the opinions of the website. Moneycontrol.com recommends that users consult certified experts before making any investment decisions.Continue reading
