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Published on 13/09/2019 9:39:46 AM | Source: Religare Securities Ltd

Sell DLF Ltd For Target Rs.153 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #DLF Ltd #Real Estate Sector #Trading Report #Religare Securities Ltd

DLF Limited (DLF)

DLF has witnessed marginal recovery of late but failed to breach the resistance hurdle around 165 and formed a fresh shorting pivot. The current market scenario combined with the overall downtrend of the stock is pointing towards fresh decline ahead. We thus advise creating fresh shorts as per the recommended levels.

Recommendation

Sell DLF Ltd Futs @ 161-163 Stoploss 166 Target 153 CMP 159.95

 

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