Like Orbit Corp: P Phani Sekhar, Angel Broking

P Phani Sekhar, Fund Manager-PMS, Angel Broking, in a chat with ET Now talks about real estate stocks.

What happens to some of the mid-cap real estate stocks? Do you see any trading move?

Trading rallies will happen in real estate in high beta counters but you would be much better off trying to trade rallies in a trending stock. In Indiabulls Real Estate, 165-170 is a stiff resistance and they fall 5-6% very easily. So you have to be very careful and you should buy them only on very sharp declines. I like a stock called Orbit Corp, that has declined quite a bit and is showing some kind of a trading bounce back. So we could buy that with a stop of about 65. Levels of 90 are possible out there.