Positive on VIP Industries, Bank of India, TVS Motors: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now suggests some stocks.

Can you suggest any three stocks that I can get with a stop loss close enough that I have an exit? Perhaps a little radical idea would even do better, something which is not the usual suspect.

I will actually go with the usual suspects because they are simply more liquid and you know that suddenly you would not get a 5% circuit on them because that’s the one risk you face with these other stocks. The rules are still quite arbitrary. There is no criterion as to when a stock will suddenly go 5% circuit. So therefore, I would stick with the liquid stocks because they give the same or even better returns. So why chase low-priced and relatively unknown stock.

We have got VIP Industries that has got a fair amount of momentum going. We just talked of TVS Motors and we must have a bank. So we have Bank of India. Logic is simple: These stocks have a lot of momentum. As long as the bull market lasts, these stocks are going to outperform most other stocks. So when the bull market is over, you have to get out anyway. So these would be the stocks you can go with.