Keep stoploss at Rs 186 in DLF , says Anu Jain, Sr. Vice President, IIFL Private Wealth Management.
Jain told CNBC-TV18, "The real estate sector is definitely looking weak apart from that it's giving a fresh breakdown on the charts, so I said that the market can move up a bit so you can short either here depending on how market opens up today or up to Rs 179. I would keep a stoploss around 10 day moving average of Rs 186 because that's where it faces resistance and that's where the trend changes."
She further added, "The breakdown is giving a huge target up till Rs 142 but that's not in a day or two it's over a period of month-month and half and if the market goes through crisis. So I would use any opportunity of market going up to get into short into this. The short-term target would be Rs 160, so could play it accordingly either for the short-term for Rs 160 which would be about two-three weeks or over a period of two months for about Rs 142."
