Book profits in DLF: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that short-term trader should take profits in DLF but slightly longer time horizon stock can see 320-330 levels.

Sukhani told CNBC-TV18, “Short-term trader should take profits in DLF. But if you have a slightly longer time horizon then DLF is just breaking out and an immediate target for DLF could easily be Rs 320-330, so there is a lot of upside here. If you have the patience then you must ride this upmove, this upmove has just started. But if you are a short-term trader then you exit, then you re-enter on a dip, but the trend in DLF is visibly up.”
He further added, “DLF and Unitech are the two companies are masters of that erstwhile bull market and they are coming back. Unitech also has given a similar pattern. Though the rally has been sharper, but Unitech suggests that the worst is over for it and probably investing or at least position trading is worthwhile.”