Buy HDIL, says Sukhani

Sudarshan Sukhani of s2analytics.com one can buy Housing Development and Infrastructure (HDIL).

Sukhani told CNBC-TV18, "HDIL’s targets are quite nice. First target is Rs 86 and I would assume that it will cross Rs 90 eventually; Rs 86 is a day trading target. What happened is that DLF also came in our buy list."
He further added, "There is something in the real estate section. We have seen a correction. That correction maintained its higher lows pattern. After a correction if the trend is up we assume that a trend would resume. That’s exactly what is assumed in DLF. It’s the same assumption in HDIL. Both the stocks are probably outperformers in the real estate space, specially in the F&O segment. So HDIL is a buying opportunity not just for today, I think swing traders or position traders can take a position and wait for it. Eventually it should go up."
"HDFC has been a laid back stock for most of this year. Now it’s started a rally. If any meaningful Nifty rally is going to begin from here and it could, I don’t know then HDFC will be a major participant. It’s a heavyweight, it’s very easy to push up and it’s on the verge of a breakout. Technically, it’s ready for an up move and psychologically like ITC it should be a major participant in any rally that starts now. So it’s wise. You can buy calls, buy a Future or just take day trades and say okay. If the Nifty is going up HDFC will distinctly outperform.”