Monday, 24 November 2008

Bhambwani bearish on Unitech, Suzlon

Technical Analyst, Vijay Bhambwani is bearish on Unitech and Suzlon Energy.

Bhambwani told CNBC-TV18, "I am bearish on Unitech and Suzlon. Real estate sector per say is itself has some more way to go down before one could actually see some floor supports being made out there but that floor is far away and the sector is likely to see some more unwinding and underperformance the broader markets in the coming quarter or two."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.

Source: Moneycontrol

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