Titan, Rolta good BTST ideas: Deepak Mohoni, Director, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about his BTST ideas.

Do you have any BTST ideas?

Yes, actually Titan has had a tremendous move and it looks like it is closing at the high of the day. So it is a good potential gap opening candidate but you had to be also little wary of a 5-6% move that it has made. It could react at the open and then start moving up again. So I would put it as a safer buy beyond BTST but it should probably deliver BTST as well.

Rolta is may be a more conservative pick because it has not made such a large move and sector is in demand. So that could be a safer overnight pick.

Have you seen the charts of Sintex and also Titan Industries?

Sintex has had a pretty good bull market overall. In the last one-and-a-half years or so, it has been in a steady uptrend. It does tend to decline a little bit on corrections though but right now the market is in a sort of a favourable position for the stock. I would put it more as a whole but may be not the greatest portfolio stock to have. It is still way below its 2008 high. So it is not really running away into new bull market territory like many other options are.

Titan on the other hand has been a very good performer of the last couple of years. It had been relatively quiet for the last month or two. It seems to have erupted into another big move now. So Titan very much a hold, a buy or a switch to from non-performing stocks.