Sell Adani Enterprise: Deepak Mohoni

ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, on his view on Adani Enterprise.

Adani Enterprise you have a sell call on this one, do you still expect a downside on this one?

Well this is strictly for intraday traders because the market is quite volatile in both directions intraday these days so you get this 2-3 hour stretch where stocks fall a per cent or two. Question becomes what stocks to pick and this is a fairly decent candidate. I would revise the stop loss now to the day’s high Rs 675, it has already been falling a bit from that point of time so if you enter roughly around these prices there is potential for some profit but that’s only when the markets falling intraday I think we have a little bit of that going on right now.