Buy Indiabulls Real on dips: Sukhani

Sukhani told CNBC-TV18, “ Reliance Communications has made a perfect trading range. It’s breaking out and that range has lasted for almost two to three months. So I think the breakout will be extremely potent and strong on the upside. So the choice would be Reliance Communications and Reliance Capital . I would stay away from Reliance Infra .”

He further added, “HDIL and Indiabulls Real Estate are the two stocks which are consistent outperformers and they probably represent better quality. I would not touch the smaller ones. For example, HDIL has bounced back from the two day decline, so as Indiabulls. It’s much better to stay with these stocks every time we see a dip of two-three days, go long in it. I think there is much significant upside left. Metal stocks are now looking good, so Sesa Goa in the metal section appears to be suggesting a buying opportunity is in the offering. So Sesa Goa is a buy. It could be a BTST call or considerate it in the morning."