Bombay Rayon is an intraday play: Deepak Mohoni
"Bombay Rayon has been a bit of an odd stock lately because after being weak when the markets were strong, it has become stronger and the markets are weak but the strength is persisting."
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| Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Bombay Rayon.
What are the stock ideas that you are recommending today?
On the buy side, there is ONGC and Bombay Rayon. Bombay Rayon has been a bit of an odd stock lately because after being weak when the markets were strong, it has become stronger and the markets are weak but the strength is persisting.
It has come off the lows today, so should be a good intraday upside play and on the short side, there are two index Wipro and Larsen, even if the market sort of holds out, these stocks are not particularly strong and may give some returns on the downside.
What are the stock ideas that you are recommending today?
On the buy side, there is ONGC and Bombay Rayon. Bombay Rayon has been a bit of an odd stock lately because after being weak when the markets were strong, it has become stronger and the markets are weak but the strength is persisting.
It has come off the lows today, so should be a good intraday upside play and on the short side, there are two index Wipro and Larsen, even if the market sort of holds out, these stocks are not particularly strong and may give some returns on the downside.
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