Deepak Fertilisers is a good pick in fertiliser stocks: Ashwani Gujral

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

On the charts, Chambal, Nagarjuna, RCF?

It is difficult to say that they are in any kind of sustained uptrend. Chambal tends to have support generally around 65 and tends to rally up to levels of 90. RCF after showing repeated promise is still in that range of 80 to about 110. Clear winners in these sectors are probably Coromandel, which is continuously moving higher from levels of 240-250 and probably Deepak Fertilisers.

Fertilisers as a pack tends to be fairly sideways, not surprising because it is regulated, so it is important that you buy them at support and generally tend to get off whenever those meetings start getting expected.