Unitech, DLF, HDIL bottomed out, 5-7% upside from is visible: Sandeep Wagle

In an exclusive interview with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, talks about real estate stocks. Excerpts:

How much more upside do you see in Anant Raj Industries?

We have a price target of 128 and we have given a buy at 115 levels and another Rs 7-8 which is an 8% upside in the next 3 to 4 or possibly 7 to 8 trading sessions is quite possible.

What would you do with the other real estate stocks because you have got a Phoenix Mills and a DLF which are not performing too badly right now?

Unitech, DLF, HDIL, LITL, Phoenix, all have bottomed out and easily a 5-7% upside from current levels is visible. So yes, you can trade into them. Intermediary trend is slowly reversing but still we need some more evidence of confirmation. So I would not take a very long term bet on that but yes, over the next week or two with a 7-8% upside, that much upside is what we are looking at and one can play as a trader for that. Long term investors, still I am not very certain of a turnaround and a big 20-30% upside move from the current levels in the real estate space.