Pharma stocks are tradable in a market correction: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about pharma stocks.

What is your sense technically on these stocks Strides Arcolab and Aurobindo Pharma?

Well this is the time pharma usually picks up a little against the market. Whenever there is a market correction, so if any of those are showing some kind of a strength they could be pretty much tradable at this point of time. Once the market gets very bullish again they tend to take a back seat so there may be some counter market moves in pharma and petroleum. Those are the two which usually go against the markets directions so worth looking at these stocks as and when they make some move.