Buy HDIL on dips, says Sukhani

Sudarshan Sukhani of s2analytics.com feels that HDIL is a good buy on dips.

Sukhani told CNBC-TV18, "I would take profits in L&T. The stock is still a buy, but I would not buy it. The key here is, it’s run up. A reversion to the mean can easily be expected. So, L&T is not an intraday or a short term buying opportunity. Takes profits and wait for new signals."
He further added, "DLF has made a very decent bullish pattern and broken out. HDIL and Indiabulls Real are doing the same. So, I don’t see that the market will suddenly stall. Some sectors will keep momentum going and real estate seems to be in that. So, HDIL would be a buy, wait for a small dip, don’t buy on a gap up, wait for some opportunity, but it’s a good idea to go long."