Stay away from real estate sector: Varun Dagga

Stay away from real estate sector, says Varun Dagga, Founder & CEO of varundagga.com.

Dagga told CNBC-TV18, “One should stay away from the real estate sector especially at these levels where the Nifty is seeing a lot of resistance on the upside. When these stocks fall something like Unitech and other stocks they tend to fall very sharply and these were the leaders of the previous bull market and they have fallen sharply from the highs. So every upside has been sold into and there is technically lot of resistance, so I would take my hands off from the real estate sector.”