Current price: 178
We recommended to take a short position in DLF at 180 for a price target of 160 and 150.
Click here for our research report published on JAN, 05, 2012
Trade Follow up:
The real estate sector is definitely looking weak apart from that it's giving a fresh breakdown on the charts also.Market can move up a bit but medium term view is negative. The breakdown below 180 is giving a huge target up till Rs 142 but that's not in a day or two it's over a period of month-month and half and if the market goes through crisis.The short-term target would be Rs 160, so could play it accordingly either for the short-term for Rs 160 which would be about two-three weeks or over a period of two months for about Rs 142.
