How are the fertilizer charts looking, Chambal, Nagarjuna?
Chambal would be the strongest of the lot, from the fact that it is much closer to its recent top of Rs 90 odd, there is still upside left and about Rs 79 would be the immediate trading target. Maybe Nagarjuna is trying to break out, it is trying to gain some momentum in the form of the movement of Chambal, around Rs 52 is the major resistance, it hasnt been able to cross but if it can do so, then the high of the budget day was around Rs 57-Rs 59, that should definitely be tested. Q: Have you taken a look at the charts of DCB or Orchid? A: In DCB corporate action is dominating the stock but if it can continue to sustain above Rs 108 and we get more rumors on that merger front, and then the next target would be around Rs 128 for the stock. The other one is interesting, Orchid Chemicals, the fact that it has moved up so fast, thats why you are seeing the equal sharpness at the fall also, but it has broken through a key level on Friday around Rs 240, and the next key target becomes now Rs
