Stay away from fertilizer stocks says Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from fertilizer stocks as the fertilizer seems to give the impression that it is going into a period of consolidation, now such periods are not good for traders while investors can simply wait on because consolidation will also be completed at some point of time and traders may not find the momentum that they are looking for.

Sukhani told CNBC-TV18, "I would stay away from fertilizer stocks. The fertilizer seems to give the impression that it is going into a period of consolidation. Such periods are not good for traders while investors can simply wait on because consolidation will also be completed at some point of time and traders may not find the momentum that they are looking for. So fertilizer would be a sector, which I would say okay let it do it’s own thing and rest it out."

Source : MoneyControl