Sukhani told CNBC-TV18, "Orbit has doubled in a month and while it is true that the doubling as come at a very low base. So at this point I think Orbit is best left alone. If anyone has positions take profits, step aside. Everything corrects, when this one corrects, if the real estate sector is going to remain intact we will see lot of buying signals come again but not now.
He further added, " Larsen and Toubro have touched its likely target of Rs 1300 which is a very strong resistance. L&T is already up 25%, Rs 1300 has proved to be significant resistance earlier, so it will need a very compelling reason to cross this resistance, I don't see it happening unless something spectacular happens. So L&T is an avoid or a short sell but not a buy."
