Technical Analyst, Ashwani Gujral is of the view that DLF and Unitech do not seem to be having a lot of upside momentum.
Gujral told CNBC-TV18, "Real estate is quite rangebound probably it is the interest rate pressure but DLF and Unitech are still hanging quite near their lows that they have hit. So broadly they do not seem to be having a lot of upside momentum. The stocks that are gaining momentum are telecom, private sector banks, IT, oil and gas, I do not think real estate or PSU banking stocks are directly impacted by interest rates. That has a lot of momentum even on the charts."
