I would prefer to go with HDFC bank than ICICI Bank: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com shares his views about various stocks.

ET Now: Would you initiate a trade intraday into an ICICI Bank or Bharti Airtel?

Deepak Mohoni: These are index stocks and were fairly popular ones but given their decline in the last 4-5 days in both these stocks, I would rather prefer to go with HDFC Bank than ICICI Bank. HDFC is showing good demand today and it has been doing quite well over the last few days. But if there is an intermediate bottom, then you can certainly expect ICICI Bank and Bharti Airtel. The only reason to not to initiate buys right now in them is because we do not know yet whether this is an intermediate bottom.