Bank of India & Everest Kanto bearish stocks in current scenario: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about bearish stocks of the day.

Can you highlight some of the stocks that you have a bearish call on today?

With the market expected to react a little bit after six-day run, that is one of the main reasons I have put some sell recommendations, these are very very short term, maybe a day. If the market finishes really weak, you could carry then overnight but otherwise, they are just an intraday trade.

Bank of India is one of them. Prime reason being that it is one of the very few banks which is not really partaking in this rally and it is way below its this year's peak which was about 400. So this bank is significantly different and is slipping. So that comes in that category. Everest Kanto again a non-performer, though it is performing a bit today but it is still a short sell as long as it is not hitting its stop loss. These were the two among couple of others.