Look for very short-term moves in ARSS Infra: Deepak Mohoni, director, trendwatchindia.com

Deepak Mohoni, director, trendwatchindia.com, in a chat with ET Now talks about ARSS Infra.

Talking about ARSS Infra, 100% jump in a matter of almost 15 days. Do you think this is a little bit over the top?

Yes, that has certainly been showing a fair amount of momentum but this works both ways. When they reverse, they also come down quite quickly. So if you look at it from the listing date, most of the gain happened on the first day itself and if you look at it today, it gives you a right picture of what sort of the moves these stocks make. Today’s high has been about 975 and it is down at 880.

So the volatility can hit you both ways. So I would say that if you have to sort of play these on a very narrow range, break out and take profits very quickly if you trade them. It is not really suitable for somebody who is not watching the market like a hawk. It has the volatility which traders want but look really for very short-term moves here.