Chambal Fertilisers' stock a good day trade at Rs 64

Day trade perspective or do you think you are taking a longer positional trade in tyres and fertilisers?

You could take a day trade on Chambal Fertilisers, around Rs 64 stock has made a new two or three-week high. So possibly with a stop of around Rs 62.80 or Rs 62.50, you could get a target of closer to Rs 67.50 or Rs 68 on a day trade but on a positional perspective we are looking for a target of closer to Rs 74-75 for the next three or four weeks, then on delivery trade we also like MRF Tyres. There was a good move coming in February where the stock rallied from Rs 5600 to Rs 7300 by the mid of March. Then you have seen a four-week consolidation. Now stock has suddenly picked up lot of action and if it breaks above Rs 7400, you could see serious money to be made in MRF, possibly Rs 8500-8400 should be a good target for MRF on a delivery trade.

One day trade that you could take right now?

I will take Chambal Fertilisers as a good day trade. It has moved above Rs 63.50 for quite a long time. So possibly with a small stop of Rs 62.70 or so you could take a day trade on that and look for targets of Rs 67 or so.