Short DLF, says Vishal Kshatriya

Short DLF, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

Kshatriya told CNBC-TV18, "Short DLF. The stock has reverted multiple times from its key resistance zone of 200 DMA, which indicates supply at high levels. Yesterday momentum oscillators on daily chart have given first sign of negative divergence; this indicates the stock likely to trade with a negative bias in days to come. Traders can go short at current market price with target price of Rs 220 maintain stoploss above Rs 232.