DLF can go down to Rs 192-185: Chaturmohta

Ashish Chaturmohta, VP Derivates and Technicals, IIFL Private Wealth Management feels that DLF can go down to Rs 192-185.

Chaturmohta told CNBC-TV18, "DLF has seen a very significant amount of short build up in last three trading sessions. Yesterday after a strong recovery from lower levels again it failed to sustain above Rs 212 levels, which was very critical resistance for the stock."
He further added, "I feel that downside towards Rs 192-185 is quite likely. Till it does not crosses Rs 212 I will continue to hold this view. One can initiate short at any rally towards Rs 209-210 levels can look for a downside target of Rs 192-185."