Look to sell Orbit Corp: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com

You have a sell call on Orbit Corp, what do you make of this stock, how much more downside can we anticipate in this?

Deepak Mohoni: The market has now entered an uptrend. So that tends to reduce the downside potential of stocks. The target that has been given here is something to the tune of 119 but it is going up a little bit today. So I would look for that stop loss, 124 if it is about only Re 1 away from here. Still a good short side potential of Rs 3-4 here but the stop loss is very important.