Rahul Mohindar of Viratechindia is of the view that one should sell Reliance Natural Resources, RNRL if one is just looking at it for the short term perspective.
Mohindar told CNBC-TV18, "If I had to buy fertilizers, I would first look at Chambal Fertilisers. RNRL, I would possibly still say I would sell the stock if I were just looking at the short term perspective, the stock could clearly correct 10%-15% even from the current prices."
He further added, "IFCI, once again I would expect a lot more of a side based price move before any kind of a clear trend emerges. One of the key factors that we noticed over the last trading days were, 9 out of 10 days in almost all the heavy weights had an under average volume which really gives the market a more clear direction. Till we see the volume returning, I don’t think a real big trend can emerge here."
Disclosure: It would be safe to assume that analyst doesn't hold any of the stocks personally. However, he may have recommended.
Source: Moneycontrol.com
No comments:
Post a Comment