Stay away from real eatate stocks: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about real estate stocks.

Talking about real estate stocks, there is not too much respite but still the sudden cuts are coming in across the board and are reflected in the realty index as well. What does one do?

Stay away from them and DLF is at 255 and if that gets taken out, you would really be looking at levels getting broken and the next level could be closer to probably 225-230. They have been in a bear market even when the market was in a kind of an uptrend. So they could retest their 2009 lows.

There is nothing to protect Unitech. You probably have levels as low as may be around 35-40. So basically just have to bail out but this is a very ominous sign in terms of what the market expects - the kind of tough time these guys are going to have because to reach 2009 lows, the market expects them to have that kind of troubles.