Fertiliser stocks should be looked only after any move on deregulation: Ashwani Gujral

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

What are your thoughts on fertilizer stocks and do you like anything there?

I think fertilizer should be bought if something happens finally to buy in anticipation and then get disappointed is probably not worthwhile. So RCF support around 80, resistance probably around 95 to 100. Again Chambal they are all moving in this Rs 20 type ranges, downside is about 60, upside is about 80.

I think Coromandel and Deepak Fertilizer seem to be the only ones which have shown trends even other than these meetings so Coromandel has started moving higher, 220 is now good support here and we could see levels of up to 305 on Coromandel. Similarly Deepak has corrected towards 150 so at lower levels that can be bought and that can show you levels of 200-205 but overall its like that oil price deregulation once it happens you will find your move but before that I do not think you should jump the gun.