Technical Analyst, Ashwani Gujral is of the view that Unitech has support at Rs 285-290.

Gujral told CNBC-TV18, "Unitech has good support around Rs 285-290 and it is possible that those supports hold up because the stocks have fallen quite a bit and that is about a 50% retracement of the entire rally that we had in real estate."

He further added, "DLF is probably weaker than Unitech right now and you could see levels of Rs 600-625 acting as support before you can trade it up back to Rs 750. These stocks will be more ranging in their nature. As a trader you would rather be in oil and gas stock than in a real estate or banking stocks trying to take 3-5%."

Disclosure: It is safe to assume that analyst and his clients may have an interest in the above stock/sector.