Hanung Toys & Natco short-term bets: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com

Your thoughts on Hanung Toys or Natco Pharma, is it a day pick or you are really looking beyond a day?

Deepak Mohoni: Beyond a day but not very much beyond a day, maybe a couple of days more because these are fairly volatile stocks on the downside too and do not make for such good long term investing but they do catch the fancy of the market every now and then and that seems to be one of those phases where they are back in demand and carrying a bit of momentum. So should be a good couple of percent upside. Maybe a bit more if this intermediate uptrend develops globally and we get the benefit. Then these could be even good for 10-15% in a 2 weeks or so from now.

Could Natco be a day trade kind of a thing?

Deepak Mohoni: Yes indeed but market conditions are favourable to keep the stock going for at least a short while and the whole section of pharma stocks which are second or third rung do not trade normally so heavily. Those are having a bit of a run up. So that is the reason it has been picked, very much flavour of the day. It may not sustain very long but it is doing okay right now.