Stick to short term trading in Suzlon: Deepak Mohoni

ET Now spoke to Deepak Mohoni, Director, trendwatchindia.com, on his views on stocks.

ET Now: How do you look at Suzlon and Moserbaer, post budget?

Deepak Mohoni: Suzlon had got really beaten down back in November when it fell to Rs 53-54. Since then, its moves have been a little more encouraging.

A good rally until January, then after the decline it has made a higher bottom than November bottom. That is the encouraging part here but it is little difficult to say whether it is going to be able to cross the peak it reached in January.

It is still quite some distance below that, that was 97.5. So given all the uncertainty here, I would say let’s stick to short term trading in this stock, not really added for longer term purposes.