One may opt out of HDIL and switch over to DLF or Indiabulls Real Estate, feels Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It is very difficult to recommend anything in Housing Development and Infrastructure (HDIL) now. We have been giving sell calls when it cracked at Rs 95. What do you do with this high price? Nothing. At this point, HDIL does not give the guarantee that it will recover even half of what the original price was even that is not visible on the charts. On the other hand, selling at the current price means nothing, you get nothing out of it."
"So perhaps one should stay with HDIL. A far better option will be to switch from HDIL. Whatever money he gets from HDIL, one should switch to DLF or Indiabulls Real Estate at least those two companies will be there and their rallies when they come about will be better in that area." he said.
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Market technically overbought; paper supply to weigh: Dutt