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Thanx to all for your replies.
According to my research, after meeting a number of Gursikhs,
1. Each colour has its own effetcts. Like it is well known that a newly born child is never covered with yellow cloth becaus it can lead to 'Pilia'
2. Red Colour is also known for arrogancy according to Psychology. it may cause arrogancy in us.
3. It is also well known advise as well as command from Guru Sahib to wear simple clothes. Never wear shiny clothes. Red colour can never be a simple one.
4. Red as a symbol of Hindus and green of Muslims as Mohkam Singh Ji told.
5. Bandai Khalsa Sikhs formed after Baba Banda Singh Bahadur, started wearing red clothes and this was also a reason for fragmentation between Sikhs. It was considered as Manmat.
It can be taken as historical reference that Puratan Singhs never wore red clothes.
ਤੁਮ ਫਤੇ ਦਰਸ਼ਨ ਕੀ, ਹਮ ਫਤੇ ਗੁਰ ਕੀ ਕਹੈ||
ਤੁਮ ਬਿਸਨੋਈ, ਹਮ ਚਾਰ ਬਰਨ ਰਹੈ||
ਤੁਮ ਸੂਹੋ ਪਹਰੋ, ਹਮ ਲਾਵੈ ਨਾ ਅੰਗ||
ਹਮ ਪਹਰੇ ਸੁਰਮਈ, ਤੁਮ ਪਹਰੋ ਸੰਗ||
(ਪ੍ਰਾਚੀਨ ਪੰਥ ਪ੍ਰਕਾਸ਼)
6. I read in Saada Itihaas Part2- Principal Satbir Singh ਖਾਲਸੇ ਲਾਲ ਰੰਗ ਨੂ ਸ਼ੋਖ ਸਮਝ ਕੇ ਛਡ ਗਏ ਸਨ ਤੇ ਸੁਰਮਈ ਨੀਲੇ ਪਹਿਨਦੇ ਸਨ.
7. All the traditional Sampardaas like Nihang Singhs, DDT, Seva Panthi, Jaula, etc condemn wearing red clothes.
8. It is really true when we see someone with red clothes we get no feeling of prem.
Also, special thanks to Amarjodh Singh Ji for giving the Shabad.
Any mistake done or further reasons are welcome.
Thankyou
Amanpreet Singh