Above 5050, we get an intermediate uptrend: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, talks to ET Now on market outlook.

What is the sense, if you were long, start booking profits or still continue long?

Continue long. This move could last quite a bit. There is support from global markets. We are potentially not even very far from a bull market, above 5200, there is a Dow signal for a bull market and the 200 DMAs may be another 100 points above that.

If this rally persists, we could very well get there. This would be worthwhile hanging onto positions. We are very nearly in an intermediate uptrend anyway. Above 5050, we get an intermediate uptrend. It is looking like an intermediate uptrend.