Avoid real esate stocks now: Deepak Mohoni

ET Now Technical Check with Deepak Mohoni, Director, trendwatchindia.com.

Unitech and DLF and how would you use this kind of short covering that we have seen to play the stocks now?

As I said it is still too early to buy but it's a good time to start watching but I wouldn't watch the real estate pack so soon. They have been in longer term downtrends even when the markets rallies they are not catching up with their previous top so these would certainly not be portfolio picks. If by chance they show great amount of momentum initially they may be good day trades or short term swing trades but today I would say don't do anything with them at all.