DLF can touch Rs 215-220: Gujral

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about DLF See messages about DLF DLF BSE | NSE 08/02/12 Are Mutual Funds betting on DLF?

Technical Analyst, Ashwani Gujral is of the view that DLF can touch Rs 215-220.

Gujral told CNBC-TV18, "You should not trade too much fundamentally into these moves, if the market is hanging around 2,900 and seemingly to hold it; real estate was the pack that had not moved. So, Unitech could get back to Rs 39 and even in a best case scenario Rs 45-46."

He further added, "If DLF maintains above Rs 167-168 you could see Rs 215-220 everything will rally regardless of whether there is a lot of change happening or not. Because this is a bear market rally, things which have been beaten up the most will tend to rally further. You have seen with banks, with metals - so real estate is just participating and it does not mean that they have bottomed out or are going to make a significant highs from here."

Disclosure: Analyst doesn't have positions in individual stocks but delta neutral positions in Nifty.