Jitender Kumar of SBICap Securities told CNBC-TV18, "Real Estate being high beta but it is surprising that DLF, Jaiprakash Associates, Unitech, HDIL has declined for the last two days consecutively and they are still down 6-7 percent."
He further added, "As of now it does not make a sense for a good short here. DLF can come to Rs 200 levels and only at that point one could look to buy, before that the trade is to sell this. However, given 7 percent fall it does not make any sense to short. One could wait for any rise to Rs 220-225 and it could be very good short opportunity again."
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