Buy DLF, target of Rs 235: Panda

Jitendra Panda, Future Capital advised buying DLF with a target price of Rs 235 and keep a stoploss at Rs 221.

Panda told CNBC-TV18, “A lot of news is coming on DLF and if we see the open interest, wherein also we see some positive movement. Long positions have been getting created today as well. Although overall on the stock side open interest is not very high but then certainly DLF is looking very good.”
 “At current levels, we can buy keeping a stop loss of Rs 221 and Rs 235 is the target where I see (before expiry) there could be some short covering,” he added.
 Panda also said, “We are also betting on HCL Technologies. Keep the stop loss of Rs 635 on HCL Tech on the Futures side buy and Rs 650-655 is where the target we would look at.”