Buy Chambal Fertilisers at Rs 65-68: Bose

Technical Analyst, Rajat K Bose is of the view that one can buy Chambal Fertilisers at Rs 65-68 with a target of Rs 85-90.

Bose told CNBC-TV18, "Nagarjuna Fertilisers is showing some weakness and if it were to fall below something like Rs 36.50 then you can expect it to go down to something like Rs 35-34 range. These fertiliser stocks particularly Nagarjuna Fertilisers and Chambal Fertilisers, they are better off compared to say a lot of bank stocks and others but they are showing signs of some kind of more hammering coming into them. I would actually look at Nagarjuna Fertilisers say at around Rs 35-34 levels and if Chambal Fertilisers were to come to something like Rs 68-65 range then it might once again become a good buy with a perspective of Rs 85-90."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.