Market uptrend coming hugely from telecom: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.in in an interview with ET Now gives his perspective on market and JP Associates.

A lot of these stocks while the numbers have been nice have corrected quite a bit particularly may be a JP Associates for example momentum stock has corrected quite a bit you think any of these stocks have a chance of staging a bit of a bounce back?

JP Associates perhaps not so much it has not really participated all that much in this market uptrend in fact even if you look at today session the gains in the indices are probably coming hugely from the telecoms. The others stocks which give the index a bit of a push during up trends they are sleeping. Also we are up while Europe is down quite sharply so we have to count ourselves a bit lucky and dependent on telecom today. The JP Associate type of stock is really not doing very much right now.