Sukhani told CNBC-TV18, "Indiabulls Real Estate is a sell. We are not talking of somebody who is looking for a position trade or even something longer; it's a short sell for the day trader. Yesterday it reached what the levels were on Friday and that would act as resistance. If that acts as resistance and it probably will then there is some money to be made on the downside. These are essentially one or two day trades."
He further added, " IVRCL is a better chart. Again the intraday market momentum is on the side of the bulls. So IVRCL would be a buy. Then probably if there is an intraday consolidation or a deep in this stock I think its worthwhile going long here."
Disclosure: I have no personal holding in the above stocks.
