Good time to pick CMC: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about CMC.

Talking about NMDC, MMTC, HMT, NFL, Hindustan Copper, Scooters India, ITI, do you see any strong technical charts in any of these names?

I was just watching CMC, it has been fairly strong as the sector goes and it is pretty much close to its bull market high. It is sort of getting close to levels, a long-term level at around 1600-1700. It is tended to reverse but this is a good bull market as it continues.

This stock should have fairly decent upside. In fact it is correcting now and it may be a good time to pick up a little bit on this dip.