Avoid Sun TV for now: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, shares views on Sun TV.

What is the call on Sun TV?

Sun TV is going through this stage of extreme volatility after yesterday’s crash, so is SpiceJet. So at the moment you are going to see very large swings in both directions. They will gradually decrease, like yesterday’s swing was 20%, today is 8%, so it will come down eventually. This has got good scope for scalpers. They can make quick short trades on this in both directions but for anybody else, the likelihood of a stop being hit is higher than getting a profitable trade out of it because the speed is far too much.