Buy Piramal Healthcare and Federal Bank: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Piramal Healthcare and Federal Bank.

What are the stocks that you are recommending for the near term?

They are all intraday as well as the very short term may be two or three day trades because I think we are going to see fairly volatile markets up and down. Among the buys there is Federal Bank and Piramal Healthcare. I would not buy them at this very moment if the market starts stabilising today and starts going up again some time I think these would be two stocks to look at which would not pose too much downside risk even if there is a reversal and could go up if Federal Bank has had upside momentum for quite a while.

Piramal has recently started picking up the same story pharma stocks getting into a bit of a demand with the market going down.