DLF has target of Rs 336-350: Thacker

Published on Wed, Mar 10, 2010 at 16:44 |  Source : CNBC-TV18

Updated at Wed, Mar 10, 2010 at 17:23  

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Mitesh Thacker, miteshthacker.com

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Mitesh Thacker, Technical Analyst of miteshthacker.com is of the view that DLF has target of Rs 336-350.

Thacker told CNBC-TV18, "The entire real estate sector doing pretty well while we are not watching the midcap ones it is the largecap names which are very interesting to us. So I am probably watching more of DLF, Unitech as well as Indiabulls Real."

He further added, "On DLF we are waiting for a break above Rs 318-320 and the next two sets of targets which we have is Rs 336-350. Once the stock price breaks beyond this Rs 318-320 mark the next targets could be achieved over the next 5-6 trading sessions. Unitech once it manages to get past levels of around Rs 77-78, Rs 85 would be a good target. So I think there is significant upside and this could collide or this could happen as the Nifty gets past the 5150 mark."

  

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