Buy Indiabulls Real Estate: Sudarshan Sukhani

Buy Indiabulls Real Estate, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I think there is a lot of sector rotation going on as infrastructure gets pummeled again. Real estate is doing all the right things on the charts. The long-term charts are turning bullish. It is not easy to say whether that will see follow-through on a longer term but the trade is to buy real estate stocks whenever we get an opportunity.”
He further added, “HDIL goes out of our list for many reasons but Indiabulls Real Estate remains. As there is a buying opportunity the big gains recorded on Friday were not sustained mainly because the market fell down but it still closed with gains. There should be follow-through. The trade is not to go long immediately on the open. If the market give a sense of stability even choppiness, real estate and Indiabulls is a buy.”