Look at fertiliser stocks for medium term play: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.in in an interview with ET Now gives his perspective on fertiliser stocks.

Quickly then on the charts some of these counters may be a Chambal Fert, Coromandel or even a Gujarat State Fertilizers?

Well Coromandel from the long term perspective has got a very solid chart. It has been going on now for a couple of years at a very very steady pace. Short term a bit of demand now appearing in Chambal and RCF, I think those could benefit from a market rally but overall if you look at the longer term in these other fertilizer stocks other than Coromandel they have been some sideways or just sort of languishing so this could be really a medium term play, I would say a few weeks at best unless the momentum really surges on. So at the moment if you get in there I think just look for a medium term play here.