Accumulate real estate stocks for short term: Sukhani

Accumulate real estate stocks for short term, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “I would buy cements on dip but this is not the end of the dip. I have been saying that cement is now in a correction. It is a very good sector to be in but not now. One of the tasks that I have everyday is to resists pressure on calling a bull market every half an hour. As you can see by today’s market behavior it is sensible. Sometimes the market gives a message that they are not doing anything. The same is happening to cement. It is not turning around now so absolutely you are right, 2013 should be the year of cement stocks at some point or the other, not now.”
He further added, “I can give you some stocks that suggest that there is an upside or hopefully the probability of an upside is strong. Three of the stocks are in the non-banking financial group which is now upbeat on – Manappuram Finance, SKS and SREI Infra. SREI Infra inspite of the rallies we have seen is good for more. The fourth is our private sector banks and one of them is Dhanlaxmi Bank which appears to be completing its bear market and now getting on to a new uptrend. It is good for something else. The other sector which is a momentum driven sector is real estate. Real estate has more upside. It is not an investing idea so I don’t know whether we want to club it with the first two but real estate has strong momentum and any dips in the market should be use to at lease accumulate for the short-term.”