Buy UltraTech Cement on dips: Anu Jain

Anuj Jain, Director – Equities at IIFL Private Wealth Management told CNBC-TV18, " UltraTech Cement  , given the way it closed on Friday, it gave up most of the steam, it is good to pick up closer to Rs 3000 or Rs 2990. It is poised towards Rs 3300. So, it is a buy on dips. On Friday it gave up, so there is a possibility of a couple of percentages down before it moves up." " India Cements on the other hand has kept the steam on Friday. 

There is some minor resistance closer to Rs 105 and it can actually move upto Rs 112-113. So, there is momentum still in it. The smaller ones will also start, so, JK Lakshmi Cement has stated to show some accumulation," she added.

Buy Gateway Distriparks on dips: Anu Jain

Anuj Jain, Director – Equities at IIFL Private Wealth Management told CNBC-TV18, "There are certain stocks which kind of stood out on the basis of which they were accumulated.  Gateway Distriparks  , despite the way it has moved up, even at the current level of Rs 365, any dips or up to Rs 355 one can look at picking up this stock. For a medium term, the target is as high as about Rs 400-420. In the mid term if one is playing for about 15-20 days, around Rs 375-385 is what one should get which is still about 7-8 percent move which is still left into the counter." "We have seen a big move coming along with banking into infra. 

So, there was a lot of short covering and a move up there. So, there are signals both in Sadbhav Engineering , Blue Star  and in Voltas  but I would like to give Blue Star as a call. In the medium term again like Gateway Distriparks the targets are very high of about Rs 425. So, for somebody who is looking at as an investment call also, we are advising this," she said. "For a safe person who does not want to play any of these, there is probably Glenmark Pharma . Looking for a target of Rs 750 and stoploss of about Rs 705."