Buy HDIL at Rs 90: Sanjeev Agarwal

Buy HDIL at Rs 90, says Sanjeev Agarwal, CEO, Dynamix Research & Capital Management.

Agarwal told CNBC-TV18, "In HDIL there was a very strong resistance at Rs 89. This trade we just initiated yesterday and today also we have seen trade in Indiabulls Real Estate, which is breaking above Rs 74. So these rallies keeping a stop loss somewhere below last two days low that is the easiest thing to do."
He further added, "Even in Unitech above Rs 30 there is going to be a very good breakout. So overall you have to look specific chart patterns. In HDIL any pullbacks towards Rs 90 is a buy with a stoploss below Rs 87. In Unitech you can take a trade above Rs 30 with a stoploss below Rs 28. Even IB Real Estate has given a trade above Rs 74 and you can keep a stoploss below Rs 71 and hold that stock."