Hold onto RComm at the moment: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about RComm.

The kind of move that we have seen in RComm even in a falling market like today, one if you were long would you close out your long and two, would you be brave enough to open a short at the 175 levels on RComm?

At the moment, telecom is holding out, so why not make the best of it. So I had RComm, I would hold onto it. If there is a market recovery tomorrow, it should do pretty well. There was a lot of momentum at the end of the week.

As far as going short is concerned, if the whole market keeps tanking, telecom would not really last out for too long but the point is that there are so many other sectors which are under so much pressure so why go and hit telecom just because it has gone up. So I would go with something which has got very well established clear downtrends already, I would not want to bet against rising trend at this moment.