Short-term trade should not look at Havells India: Deepak Mohoni
Havells has come into the 200 or 250 most heavily traded stocks but it has not necessarily bottomed out. So, I would perhaps only look at it as a short-term trade.
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| In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his trading calls.
What is the call on Havells India and Reliance Broadcast?
These stocks have one thing in common, they are highly volatile stocks. Havells has picked up a lot of volume recently. It has come into the 200 or 250 most heavily traded stocks but it has not necessarily bottomed out. So, I would perhaps only look at it as a short-term trade.
The news on Reliance Broadcast drove it, but the entire group of stocks has been in demand anyway for the last 2-3 weeks. So, that may be also having fairly good short-term momentum. The underlying theme in all these stocks is good short-term momentum but do not think of buying them yet for the longer term until the market starts a bull phase. For that you will have got to wait for the Nifty to cross 5700 for conformation.
What is the call on Havells India and Reliance Broadcast?
These stocks have one thing in common, they are highly volatile stocks. Havells has picked up a lot of volume recently. It has come into the 200 or 250 most heavily traded stocks but it has not necessarily bottomed out. So, I would perhaps only look at it as a short-term trade.
The news on Reliance Broadcast drove it, but the entire group of stocks has been in demand anyway for the last 2-3 weeks. So, that may be also having fairly good short-term momentum. The underlying theme in all these stocks is good short-term momentum but do not think of buying them yet for the longer term until the market starts a bull phase. For that you will have got to wait for the Nifty to cross 5700 for conformation.
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