Alok Industries looking strong: Deepak Mohoni

What is the call on Alok Industries and Shoppers Stop?

Deepak Mohoni: Alok Industries and the whole sector has been doing very well, not just in this bull market but even the final months of the last bear market, many of these stocks were holding out or even improving and even now 2.5% up today, lot of stocks even if they do well with the results tend to go down simply on profit taking, nothing else, this one is holding out.

So that is looking pretty good for Alok Industries and Shoppers Stop has taken a sideways view now for about 6-7 months and it is pretty much there, 300 on the downside, 380-385 on the upside. It is still trending very much within that range, exactly in the middle of that range in fact. So one would say this is a stock that is going nowhere right now.