Exit DLF: Ashwani Gujral

Published on Sat, Feb 06, 2010 at 11:40 |  Source : CNBC-TV18

Updated at Sat, Feb 06, 2010 at 11:42  

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Technical Analyst, Ashwani Gujral is of the view that exit DLF .

Gujral told CNBC-TV18, "DLF is a rate sensitive, the markets are in a bad mood. So the investor would much rather exit. Even if the market improves the investor would have difficulty getting to Rs 466. This could now go down to Rs 265 to Rs 268 in this fall itself. It has resistance and unlikely that it will get past Rs 340 in a hurry. If I were the investor I would try to get out and probably enter a better looking stock because this hasn't made any fresh intermediate highs and when the market was rising it was weak even then. So I think it is just an exit."

  

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