Sell Chambal Fertilisers: CK Narayan, Growth Avenues Asset Advisors

In a chat with ET Now, CK Narayan, Growth Avenues Asset Advisors, shares his views on Chambal Fertilisers.

What is your call on Chambal Fertilisers?

Go short in Chambal Fertilisers where I see that the rise may have reached some sort of strong resistance. Trading currently at about 87 to 88, sell in that region with a stop of about Rs 3 to 4 and look for a target somewhere close to Rs 81 to 83.