Keep away from real estate shares completely: Vijay Bhambwani

In a chat with ET Now, Vijay Bhambwani, Author, CEO, BSPLindia.com shares his views on real estate stocks.

Any real estate stocks that you may have looked at?

All of these counters have been exhibiting a similar chart pattern with mild variations and that can be only classified as slip slide away. The kind of overhead supply that you will see in most of these counters is very scary because anything like 2% to 3%, maybe 5% uptick from here and there will be a world full of selling.

Everybody has got these stocks at significantly higher levels waiting for an exit door. So I would keep away from these shares completely from portfolio perspective. In terms of trading strategies, I would look for shorting opportunities in every rallies on these counters rather than looking at bottom fishing opportunities.