Orbit is volatile: Deepak Mohoni

ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, on his views on Orbit Corporation.

Orbit Corporation on the charts?

The entire real estate pack has started to look pretty good, especially the leader, the index heavy stock, DLF. Orbit Corp again has been flat for the last month or so which is not too bad a thing but it has not yet really moved up to 5-6 week highs which DLF has come close to doing.

So while today looks like a good day and chances are reasonably good that Orbit Corp would benefit from a market move. If you take a slightly longer perspective, maybe a week or two ahead and assume the rally lasts, then DLF may just be a little safer. Orbit of course is volatile and if there is a strong market rally, this might outperform DLF.