There is still downward bias in infra stocks: Prakash Gaba, CFT, prakashgaba.com

In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com, shares his views about infra stocks.

ET Now: Is there a trade there GMR Infra, a Lanco Infra or a GVK Power?

Deepak Mohoni: All the infra stocks made terrific moves in December and since than they have been languishing except IVRCL, that also has dip back a little bit. So I would still wait, there is no real break out. They are still sideways or in a downward bias most of them. If infra has to be gotten into than IVRCL on the assumption that it will recapture the point from which it fell, roughly 75%, that would be a pretty good percentage gain if it gets back there.