Buy Indiabulls Real on dips: Aditya Agarwal

Buy Indiabulls Real Estate on dips, says Aditya Agarwal, Sr Derivative Analyst, Way2Wealth.

Agarwal told CNBC-TV18, "Reality stocks have given a good breakout in today's session. Indiabulls Real Estate has a strong resistance in the range of Rs 70-71. Today this stock has given a good breakout and we have seen 11% fresh long built up in Indiabulls. So we are expecting it may test Rs 77-80 levels in next couple of days. So on any dip Indiabulls can be bought with a target of Rs 77 and above that stock can test Rs 80. Our stop loss will be Rs 67."
He further added, "Pantaloons has a resistance on Rs 185 levels. If that is broken then it can again test Rs 200. We are seeing some long build up in this stock but one should wait the stock to break Rs 185 before making long positions."