Telecom stocks could do well for a week or two: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.in in an interview with ET Now gives his perspective on telecom stocks.

What’s your view really, we broadly ask you about telecom stocks but one on the second rung I am not talking about Bharti but talk about the other ones particularly MTNL and two on Sun Pharma?

With the telecom rally I think the runaway leaders are RComm and Idea really rather than the others. But there is clearly a change of medium term trend at least in the telecom space. Could do well in the next week or two ahead given that the market is still just about hanging on into an intermediate uptrend so I think that’s the sort of situation we are going into right now.