UTV Software, Lloyd Steel seen strong: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, gives his views on UTV Software, Lloyds Steel, Sonata Software


What is the call on UTV Software, Lloyds Steel, Sonata Software?


UTV Software has gone onto something like a 2 or 3-year high, pretty strong rally, hardly had a bear market.

So this has been a strong stock for quite a while, pretty much continuing. It had a bit of a sell off in February but that aside, it has maintained quite a strong uptrend.

Lloyds Steel is a low price stock and you would expect it to be pretty volatile on the downside but it is held out fairly well in the last 4 or 5 months.

It is kept above Rs 15-14.5 and it is essentially sideways between 15 and a bit and 22 but it is making a pretty determined move towards 22. So it will be interesting to see if there is a breakout there and last of these which was pretty strong looking was Sonata.

It is looking quite strong because it has made a low there, a new bottom which is about Rs 38 and that is much higher than the previous bottom it had in early March at about Rs 30, so good rising bottoms.

Above Rs 50, you will see the stock going to a 3 or 4-month high with a good potential uptrend. This has in the past been a good volatile stock which can give good returns in a short term, so potentially that move is building up here.