Buy RCF, says Sudarshan Sukhani

Published on Tue, Jan 10, 2012 at 12:10 |  Source : CNBC-TV18

Updated at Tue, Jan 10, 2012 at 14:27  

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Sudarshan Sukhani, s2analytics.com

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Buy Rashtriya Chemicals and Fertilisers (RCF), says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Like most other stocks, SKS Microfinance is also emerging from a trading range, at the lowest levels and therefore there is a chart based buying here. Again, we don't have to trade in SKS Micro. I wouldn't ever do it but if a trader wanted to then you could see Rs 110 or even Rs 115 in it."

He further added, "Rashtriya Chemicals and Fertilisers (RCF) went through a very dramatic rally two days ago and it has not given up the gains. So that tells us that every dip in this stock is a buying opportunity. I am a little wary of these stocks because quite often they turnaround very fast, they fail to follow through on their breakout. Fertilizers disappoint far more often than it rewards. But anyway, if we forget that part then RCF is a buy. In fact most stocks in the fertilizer pack are buys."

  

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