“I have been taking a bullish call when HDIL was Rs 70 so I think that continues. I have also explained that HDIL, Indiabulls are the two real estate favorites. Both have done well in their own ways. I think the question is should we be buying HDIL at current prices and the answer would be for a short-term trader, for a momentum trader, yes even at current prices there is the prospect of another upmove. That upmove can be captured. Just be careful because the markets are choppy, but there is an opportunity.”
He further added, “All the IT majors are looking disappointing. So the trade here is not to take any buying call, not to try to buy these falling knives and stay away. They require a lot of consolidation and a lot more effort before we can say okay; this sudden onset of declines that they have come into is over. At this point it is an avoid.”
He further added, “All the IT majors are looking disappointing. So the trade here is not to take any buying call, not to try to buy these falling knives and stay away. They require a lot of consolidation and a lot more effort before we can say okay; this sudden onset of declines that they have come into is over. At this point it is an avoid.”
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