DLF, Indiabulls Real Estate short selling ideas: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Real estate is a short sell now. The small rallies we saw in real estate is now literally collapsing; those were relief rallies and lower levels are coming. I don’t even know where they will go but lower levels are coming. Even for intraday traders DLF and Indiabulls Real Estate are short selling ideas. You also have Godrej Industries which is outperforming consistently and where a buy could easily be reinstated."At 11:06 hrs DLF was quoting at Rs 115.90, up Rs 0.85, or 0.74 percent. It has touched an intraday high of Rs 116.90 and an intraday low of Rs 112.40.Indiabulls Real Estate was quoting at Rs 62.75, up Rs 0.20, or 0.32 percent. It has touched an intraday high of Rs 63.40 and an intraday low of Rs 61.55.