Intraday traders can buy Peninsula Land at around Rs 154 – 156 for an intraday target of Rs 162. The second target is Rs 166 if the markets remain stable. The stop loss for the stock is Rs 152.

Real Estate Developer Peninsula Land is a good buy for medium term as well. Investors can enter the stock on declines.

Real Estate stocks have been performing really well in stock markets. Stock markets are trading near their all-time highs, so volatility is higher. Day traders should be cautious and should cut their positions at suggested stop loss.

Other stocks from Real estate sector which are looking good for long term investment are Omaxe, Unitech and DLF. Ansal Properties is good another stock, but it has been very volatile due to the legal case on the promoters in Uphaar Cinema tragedy.