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Buy Nagarjuna Fert with stoploss below Rs 36.75: Bose
Published on Thu, Jul 24, 2008 at 17:05 , Updated at Thu, Jul 24, 2008 at 17:30
Source : CNBC-TV18
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Technical Analyst, Rajat K Bose is of the view that one can buy Nagarjuna Fertilisers and Chemicals with stoploss below rs 36.75. Bose told CNBC-TV18, "Nagarjuna Fertilizers did very well today and in fact now if one has to take a fresh position, put stoploss below Rs 36.75 and buy. If momentum continues and it sustains above Rs 39.40 and so Rs 41.50 would be the next target and after that Rs 43 but Rs 43 is very strong resistance in my opinion where you can see a lot of supply coming in."
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