Book profits in DCB , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I think at Rs 41 DCB has done its bit. Today it's reacting to its numbers but not very satisfactorily. My sense is that it is reaching Rs 41 resistance and DCB is now a take profits candidate rather than buy. In any case you don't want to buy it at current levels. It rallied from Rs 30 to 41 just because the market anticipated good numbers. So after the news you want to sell and get out."
He further added, " HDIL is part of that real estate stocks which were battered and now suggests that maybe better things are coming. Even at current levels, I think there is more steam left in it, you just keep a stoploss say somewhere around Rs 65-66 and then we can expect Rs 90 before the first level of resistance comes in. So there is a lot of movement possible. It may not come about, but the trade is there for a long side."
