United Spirits is a good stock to trade: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Liquor stocks and United Spirits.

Do you think any of the alcohol or liquor stocks - larger ones or the smaller ones - hold some promise?

United Spirits is a good stock to trade, may not necessarily be to invest because besides having derivatives attached to it, it is also pretty volatile in both directions. So at the moment, it has still got to make an up move. When the market is going down, it very rarely goes the other way.

Globus has been sideways now for about 8 or 10 months between 150-180. But that is not too bad because it has had the top of its range. So it's not very unlike BEL where an upward breakout could work out nicely for this. But at the moment, it is sideways. If someone is invested, there is no reason to get out because it is not in a downtrend. If somebody is looking to get in, it will first need a market revival, plus a breakout from this range. But good to keep it on the radar.