Wait for some consolidation in fertiliser stocks like RCF, NFL: Ashwani Gujral
"Fertiliser stocks seem to be saying that there is some fundamental buying, which is coming in as in buying which does not care about day-to-day news."
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| Updated: Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET NOW talks about fertiliser stocks.
Wockhardt or any of the fertiliser stocks, how do you like the charts?
Fertiliser stocks seem to be saying that there is some fundamental buying, which is coming in as in buying which does not care about day-to-day news, so RCF still has upside say up to levels of about 80. NFL has upside up to about 100 but again these are good stocks.
Bought at declines, they tend to do well but given that, they have already had some kind of a heady rise. Maybe you should wait for some consolidation, some sideways move to take a fresh entry.
Wockhardt or any of the fertiliser stocks, how do you like the charts?
Fertiliser stocks seem to be saying that there is some fundamental buying, which is coming in as in buying which does not care about day-to-day news, so RCF still has upside say up to levels of about 80. NFL has upside up to about 100 but again these are good stocks.
Bought at declines, they tend to do well but given that, they have already had some kind of a heady rise. Maybe you should wait for some consolidation, some sideways move to take a fresh entry.
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