Short DLF, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "DLF is a shorting idea and it is surprising. The DLF chart suggested a breakout on the upside and suddenly intraday today afternoon it has reversed, it is now breaking support levels. This is simply apart from the fact that DLF is a selling idea, it also reinforces my belief that the markets are no longer prepared to pay higher prices which means they no longer have the wish for an uptrend."

DLF touched its 52-week high Rs 289.20 and 52-week low Rs 169.55 on 12 March, 2013 and 04 June, 2012, respectively. Currently, it is trading 21.47 percent below its 52-week high and 33.94 percent above its 52-week low. Market capitalisation stands at Rs 38,577.91 crore.