Fertiliser stocks will not do better than others: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check), shares his views on various stocks.

ET Now: What is your call on the fertiliser pack?

Ashwani Gujral: Fertiliser is not the first space we would get into. Each time there are rumours of policy moves, we have a couple of days worth of rallies but like everything else Chambal around 65-70, is a historical support. Those are levels from which the stocks broke out may be at 40 bucks RCF. This is one of those sectors which have to do well if agriculture has to do well. Budget time is coming closer.

So, that way it is a trade on the upside but given the overall market scenario, I do not think fertilizer will do better than the rest of the spaces. We have to be defensive in this market rather than trying to play news bits.