Technical Analyst, Sudarshan Sukhani is of the view one can buy pharma stocks on a dip.

Sukhani told CNBC-TV18, "I think real estate has much more declines to come. That is why there is a sense of confusion as to what will push up the index upward. Ofcourse once the market starts going up momentum builds up all the sectors will join in but independently you would not like to buy real estate segment at all. Stocks that fall 40%, 35% in ten days are not strong stocks. Look at what pharma is doing on the other hand, it is defensive fair enough but that is a sector where you want to buy on a dip.”