Stock of the day : Sell DLF Mar Futs For Target Rs.348 - Religare Broking
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DLF Ltd
* The realty index has been gradually drifting lower since Nov, 2021, underperforming the benchmark index.
* Meanwhile, DLF has been hovering in a broader range i.e. 290-420 levels and currently in the middle of the band.
* It has formed a fresh shorting pivot after struggling around its resistance zone of multiple moving averages on the daily chart.
* We thus suggest traders to create fresh shorts within the given range
Sell DLF Mar Futs CMP 359.25; Range 362-364; SL 370; Target 348
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