Avoid HDIL; buy DLF, Prestige, Nitesh Estates: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Please do not invest in Housing Development and Infrastructure (HDIL). The stock is making lifetime new lows. Lifetime new lows is not the time for retail investors to go and venture into it. We want to see strength before we buy. So HDIL is a complete no."

"An easy answer is to go for real estate stocks. I recommend buying DLF and Indiabulls Real Estate. Both are bearish in the short-term but long-term investors can take advantage of this current bearishness to buy at lower levels. Both are good if one is looking at a two-three year time horizon." "If one is looking at smaller real estate stocks, then the two stocks that I can immediately think of are Prestige Estates and Nitesh Estates. Prestige Estates is a blue chip company which I have been talking about many times. Other one which is certainly very low priced is Nitesh Estates. So one can consider these two if he wants to take a punt."