Buy into Bajaj Auto straightaway: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, talks to ET Now on Bajaj Auto.

ET Now: What about stock specific movers? What is it that you would perhaps be recommending in the market right now?

There is a little bit of cyclical buying going on here. There are one or two stocks that keep going up when the market is weak and they corrected when the market was going up. They are both again looking good today for buying. They are Hero MotoCorp and Bajaj Auto. They corrected most of last week. It looks like they have resumed their uptrend today.

They are fairly defensive stocks. They do not fall for very long, not for very much and the upward move beginning again over there, so these two look quite good.

I would buy into Bajaj Auto straightaway.