HDIL, Prestige Estates look good in realty space: Sukhani

HDIL, Indiabulls Real and Prestige Estates are looking good in realty space, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Bajaj Hindusthan is not a buying opportunity. I think it is not in the F&O so you can’t really go and short sell it but you can’t buy it. The charts suggest that there is a distribution at these low levels and that the stock is cracking down and willing to go further down. So this is not a good idea.”
He further added, “DB Realty has been flying for the last few days. It is not one of my favorite realty stocks. I probably like HDIL, Indiabulls Realty and Prestige Estates, the three stocks which I prefer to buy in trade and track. But it is there. If somebody likes it, it is fine because the entire realty sector suggest that there is more momentum on the upside.”
“DB Realty- there is a lot of informed buying going in. Much more important is that it is part of the realty sector which is showing good upside momentum, the entire sector itself. My own sense is that I don’t actually trade that stock but for those who understand it, know the promoters they are welcome to buy it don’t overstay or welcome. This is not a stock that you want to hold on for the long term. Far better stocks in the realty sector are HDIL, Indiabulls and Prestige Estates.”