Buy fertiliser stocks on dips: Brics Securities

In a chat with ET Now, Abhijit Paul, Technical Analyst, Institutional Research, Brics Securities, shares his stock recommendations for the day.

Which stocks are looking strongest right now?

I do not see much steam coming in from the benchmark index at all. 5950-5960, which used to be the erstwhile support for the Nifty, is now acting some amount of supply. I do not expect the Nifty to do much from hereon for the rest of the week as well.

Dish TV showed immense strength in yesterday's trade. Apart from Dish TV, the fertiliser space is one which I have been closely watching out. Most of the fertiliser stocks have excellent long term charts, which mean this space should be looked to buy on a dip. When you had a dip over last three weeks, I liked Chambal the most, followed by RCF.