RCF.. Budget boost ?

One sector which becomes vibrant and active as the union budget approaches is the Fertilizer sector. For past many years, farmers expect more and more liberal policies from the government and with world wide food problems agriculture not doubt gets importance.

RCF is one of the more active fertilizer counters and has given a positive closing today near to Rs 106



A break and close above Rs 110/- should trigger further buying ahead of the budget and one can expect a jump of about 15-20% in coming days. Keep stops near to Rs 95 levels.

Most other index weighted stock were showing signs of tiredness and one should be very stock spefici in trading for the next couple of weeks.

Happy trading !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.