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Last Updated : Feb 16, 2011 12:56 PM IST | Source: CNBC-TV18

DLF may come down to Rs 220: Gupta

DLF may come down to Rs 220, says Amit Gupta, ICICI Securities.


DLF may come down to Rs 220, says Amit Gupta, ICICI Securities.


Gupta told CNBC-TV18, "Real estate I think, it is definitely under pressure because DLF again and again we have seen a very heavy buildup coming up in the higher call options. In fact in the ATM Call Options we are seeing that kind of buildup coming up so that suggests that the stock is under pressure."

He further added, "This is where I think Rs 250 if the level is not taken out it is possible that slowly and gradually the stock may come down till Rs 220 levels also. So I feel DLF remains a short till it is not closing above Rs 250 levels."



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First Published on Feb 16, 2011 12:00 pm
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