Buy Chambal Fertilisers, Coromandel and Deepak Fertiliser: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in an interview with ET Now talks about fertiliser counters.

A quick word from you on some of these fertiliser counters?

Something like a Chambal, it is kind of making a sideways pattern and finding support at higher and higher kind of levels but still these levels of 95-100, they remain significant barriers and probably will be crossed on some significant policy announcement. Same advice as always, two stocks look good, Coromandel slowly keeps moving higher, it could still move further up. This is now almost all-time highs and if this move continues, you could easily have another Rs 150 on Coromandel, which should take it to about 500. Deepak Fertiliser, around 155-160, that becomes a decent buy but overall the rest of them, they are probably in ranges. Nagarjuna, you buy around 28 and you hope that some good news will slowly limp along to about 40. These stocks will come into play once the market probably goes past 6000, then you will see all these smaller caps, trading favourites, everything running hard.