Technical Analyst, Sudarshan Sukhani is of the view that one should not buy real estate stocks.
Sukhani told CNBC-TV18, "I would not buy DLF. We have to remember it was Rs 1,200. So these 15% moves are coming of very low basis. I would not touch real estate, no matter what happens to it in the near-term. It is very risky and it can collapse - even if it does not there are much better opportunities. After all capital is scarce."
Source: Moneycontrol
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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