'Nagarjuna Fertilisers can touch Rs 40-45 in 2-3 weeks'

ET Now caught up with Devang Visaria, chief strategist, Devangvisaria.com, to get his outlook on fertiliser stocks.

What is your sense on fertiliser stocks like RCF, National Fertiliser and Zuari Industries?

Other than RCF, we like Nagarjuna Fertilisers because it has just given a very strong breakout in last week from a weekly resistance and we would expect this stock to head to around Rs 40-45 levels over the next two or three weeks and downsides appear to be capped closer to Rs 32-31.50 and that gives you a good risk-reward ratio for trading long on this one. RCF looks equally strong. We had long recommendation at around Rs 85 for our clients in Friday's session with targets of Rs 94 and Rs 99, I guess those targets should be achieved over the next 3-4 trading sessions.