CA Rudramurthy of Vachana Investments told CNBC-TV18, "I am bullish on real estate as a sector for last three to four months now and I continue to remain bullish. DLF is the top bet available there in futures. A lot of open interest addition is seen not only in this month but also in the next series which is a very positive sign. DLF has also broken out of levels of Rs 195 and now stock is definitely very positive. I see a minimum target of Rs 225 to happen on a very short term basis and even above that it can move up. Have a stop loss of Rs 198 for this long call."
"Federal Bank looks very positive from the banking stock and it can head towards levels of Rs 130. Have a stop loss of Rs 117, it is also showing a clear flag formation and it can even touch levels above Rs 152 for a longer timeframe," he said.
"TV18 Broadcast is my last long call. This stock has consolidated now for a very long time; Rs 40 is my target with Rs 36 as the stop loss."
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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