Makets likely to be sluggish: Deepak Mohoni, director, trendwatchindia.com

Deepak Mohoni, director, trendwatchindia.com, in a chat with ET Now talks about the markets.

Do you expect it to be a dull month for the market?

Quite likely because that’s the way the market has been behaving in the last 2-3 months. The moves happened over 2-3 days and then it goes all very flat. However, the trend is still up. So this could be just seen as a small reaction but it is a very sluggish market. We are now creeping up towards the bull market highs that we have seen so far. At about 18000, the sensitive index goes to a bull market high. So we should be getting there sooner or later, may be cross it a little bit at least, that’s being how the tops have been created so far in the last few months.

But how do you trade this market then in that light given the kind of volatility that we are seeing in today?

Frankly this is a pretty good time to take the summer holidays a bit early. This is really sluggish market. There are hardly any moves happening but you have to look for some individual stocks here or there and they are few and far in-between really. But it is just the individual moves you can get now and then, that’s about it.