Deccan Chronicle Holdings has target of Rs 165, says Technical Analyst, Sudarshan Sukhani.

Sukhani told CNBC-TV18, "Media is a relatively small sector and two of them are in my list as I went on scanning the universe and I realized I have two of them. Deccan Chronicles has been one of the stronger ones. It is again at a tipping point, so I would expect it to move up if not today then that is an uncertain environment tomorrow but Rs 157 is a stoploss for today, Rs 165 could be a modest intraday target. For Deccan again the idea is if you are a positional trader, you don’t have to get out at the targets, you can just hold on for the bigger move.”