Bullish on DLF and Unitech in long term: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, share his views on realty pack.

Would you come away with any outperformers from the realty pack?

In the short term, I do hold a view that they may not really move up vastly from here, 2-3-4% here or there is fine, so they can only be trading plays at this point of time, though I am in the long term bullish on DLF and Unitech but then the way it has fallen over the last few days, I believe that upside in the short term in the realty space is capped, so unless you are a long term, then do not buy.

If you are a short-term trader, you can only expect a 3-4% upside from current levels where if the Nifty faces resistance at 5550, you may have the real estate space coming down, so I would say be a little careful, do not buy it at these levels, you may get lower levels to buy.