Buy Arvind, Mahindra & Mahindra and Patni Computers: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about his stock recommendations.

What trades are you initiating?

The best approach right now is to look for stocks which had a dip for a day or 2, Diwali session or the one before that and have just started moving up and have been pretty strong higher bottoms for a while. Those stocks are not going to let you down even if the Nifty dips a little bit.

3 of such stocks I have got here are Arvind, Mahindra & Mahindra and Patni Computers and just in case there is an intraday dip, Asian Paints would be fine for day traders to go short in but I would avoid actually going short myself but I would just put in one in case there is a say 100-point decline on the Sensex from here.