Sell DLF, Unitech, HDIL on every rally: Sukhani

Sell DLF, Unitech and HDIL on every rally, says Sudarshan Sukhani, s2analytics.com.
 
Sukhani told CNBC-TV18, “The realty index has lost ground this week, but the stocks had already weakening. One-by-one they had started showing signs of weakness. The biggest worry in the reality index – and the reason why I think much more downside is coming is DLF.”
 
He further added, “DLF was holding firm, but finally we now have a pattern in DLF that suggest that a distribution has taken place at higher levels in the Rs 260-290-280 area and the stock is now willing to go down much more – that’s worrying. It tells us that the last of the strongest stocks has weakened. I would expect realty to go further down. It is a trade on any minor rally. I think most realty stocks, which are in the future and options (F&O) – Unitech, DLF now, Indiabulls and Housing Development and Infrastructure (HDIL) – all of these should be sold into.”