Book profit in Nagarjuna Fertilisers between Rs 20-22

Technical Analyst, Prakash Gaba is of the view that one can book profit in Nagarjuna Fertilisers and Chemicals between Rs 20-22.

Gaba told CNBC-TV18, "Reliance Petroleum has given a good breakout at Rs 76; it had a target of around Rs 82 may it goes beyond to that around Rs 87. So, RPL is a good stock one can buy on dips."

He further added, "As far as Nagarjuna Fertiliser is concerned it’s given a good breakout around Rs 16 levels. The way it has given a consolidation and breakout, the minimum that I can see is maybe around Rs 20 levels maybe to around Rs 22 stretch it level. So, between Rs 20-22 levels it’s a place to book profit. So it’s a good stock still can be bought and taken up to around Rs 20-22 level."