Overall trend is down for Anant Raj Industries: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Anant Raj Industries and Idea Cellular.

What is the technical view on Anant Raj Industries and Idea Cellular?

Anant Raj is going the way of most other real estate stocks, maybe not falling as sharply as in Indiabulls Real Estate but the overall trend is down. It is still about half the price it had reached in 2008. None of these stocks have really caught up with those levels. So this is quite a similar story to those stocks and in this rally, all that it has done is to manage to stabilise around Rs 100-105, not really taking off yet. So not really very much one can do here, short, medium or long term.

Idea Cellular essentially did what all these other telecom stocks did on the day that Reliance went short. They also went up with it but then as the reasons for Reliance Communications became clear, these stocks went back into a shell. That is the story in Idea as well.