Moserbaer good bet for short term bet

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Moserbaer, a short term move which may evolve into a good midterm move.

What do you do with Moserbaer?

Moserbaer just about 3 months back it was at 75. So even after this rally, it is way below that price. So this is I would see as a short term move which may evolve into a good midterm move but this is a stock that has just bounced off something like a one-year low almost, 2 years’ lows.

So given that, long term trend in this stock is not up. So it may just be good for a quick short term trade. There are a few stocks like that. Polaris for example that has also come back a little bit recently. So a few trading opportunities here or there but strictly trading. The market is liking these stocks in the midst of the sell off elsewhere. So people could trade that a little bit while that is happening.