Avoid sugar stocks: Deepak Mohoni

ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, on his stock recommendations.

ET Now: Would you continue staying long on sugar and if you were not long, would you take a fresh position in any of the sugar companies?

Deepak Mohoni: Not sugar, they did have a bit of a fall and their intermediate uptrends are now suspect. In any case even if they do go up, there are a lot of other stocks to choose from which are moving up at a higher pace. So given that, give sugar a miss for now.