Good opportunities in fertilizer stocks
Rahul Mohindar of Viratechindia is of the view that there is good short term opportunities in fertilizer stocks.
Mohindar told CNBC-TV18, "Fertilizer stocks look very interesting ever since Chambal Fertilizer has broken out of that Rs 49 mark. We are seeing a lot of strength there, so there too, one is looking at a good 15%-20% upside, so very good short-term . opportunities."
He further added, "On the flip side if we look at technology, which has been the weaker sector and possibly will be the first to crack if the market really goes down because there is so much of imbedded weakness as I would put it in that space. Maybe I would look at going short at TCS for a good Rs 90-100 downside and stocks like Wipro for about Rs 60-70 downsides. So, it could be interesting play where you are looking at shorting technology utilizing this kind of run up to sell a fairly good price and buy into some of the stronger frontline stocks.".
Mohindar told CNBC-TV18, "Fertilizer stocks look very interesting ever since Chambal Fertilizer has broken out of that Rs 49 mark. We are seeing a lot of strength there, so there too, one is looking at a good 15%-20% upside, so very good short-term . opportunities."
He further added, "On the flip side if we look at technology, which has been the weaker sector and possibly will be the first to crack if the market really goes down because there is so much of imbedded weakness as I would put it in that space. Maybe I would look at going short at TCS for a good Rs 90-100 downside and stocks like Wipro for about Rs 60-70 downsides. So, it could be interesting play where you are looking at shorting technology utilizing this kind of run up to sell a fairly good price and buy into some of the stronger frontline stocks.".
Comments
Post a Comment