Buy Jindal Saw, BPCL and Bajaj Auto: Deepak Mohoni

In an interview with ET Now, Deepak Mohoni, Director, trendwatchindia.com, talks about Jindal Saw and BPCL.

Are there stocks that you are recommending on the upside as well, I believe you are, Jindal Saw and a BPCL for example?

Actually I am doing this as the market may just after that four days of continuous decline, demand is back in some stocks, so for today’s trades alone, these stocks have been picked as buys because those stocks have been declining 4-5 days, timing wise not a great time to short sell again, so which is why the buys and they are in Bharat Petroleum, Jindal Saw and Bajaj Auto, all these three stocks seem to be showing a few signs of bottom fishing, they are all defensives, so could be the sort of mopping up that long-term portfolio holders do these stocks sort of tend to come to the top of the list quite often.