Hold ITI, says Mohoni
June 19th, 2009
Technical Analyst, Deepak Mohoni is of the view that one can hold ITI at this level.
Mohoni told CNBC-TV18, “ITI had a pretty good rally; it started from almost Rs 10 and went up to Rs 50 during the past uptrend. So that shows longer-term strength in the stock but it is very volatile. So when you have a market fall like the last eight or ten days, it can come down quite quickly which has also done. As a longer-term holding, it is okay as long as a bull market is on but one should get out of it as soon as the bull market ends. So at the moment, I would say it is a hold and perhaps a buy after a week or so when by that time the stock maybe a little cheaper.”