Real estate good for a week or two's trade: Deepak Mohoni

What would your recommendations be from the broader market space?

Deepak Mohoni: Essentially today may not be such a good idea to trade intraday, the reason being that we have opened very strong and the tendency of the last 2 sessions was that it opens high and then goes into a 15-20 point band. When that happens, most stocks are going to not really make very good intraday moves. Very good overnight moves yes, intraday no.

So better to go this time for positional trades, maybe carry them for a week or 2 and real estate which we talked about yesterday, that may not be a bad idea to stick one’s neck out of it and take something slightly more longer term than intraday, maybe 1 week, 2 weeks, whatever duration this rally will last, the market rally.

DLF and Parsvnath are looking fairly decent for such type of trades. Reliance Capital is another one and Coal India not just short or medium term but long term holding. The other 3 are purely short to at best medium term but Coal India could go into the longer run.