Buy HDIL at Rs 90, says Sanjeev Agarwal, CEO, Dynamix Research & Capital Management.
Agarwal told CNBC-TV18, "In HDIL there was a very strong resistance at Rs 89. This trade we just initiated yesterday and today also we have seen trade in Indiabulls Real Estate , which is breaking above Rs 74. So these rallies keeping a stop loss somewhere below last two days low that is the easiest thing to do."
He further added, "Even in Unitech above Rs 30 there is going to be a very good breakout. So overall you have to look specific chart patterns. In HDIL any pullbacks towards Rs 90 is a buy with a stoploss below Rs 87. In Unitech you can take a trade above Rs 30 with a stoploss below Rs 28. Even IB Real Estate has given a trade above Rs 74 and you can keep a stoploss below Rs 71 and hold that stock."
