Dewan Housing Finance may test Rs 535-540: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "On Friday, I could clearly see from the data points that all housing finance companies were making a strong come back. Dewan Housing Finance Corporation (DHFL) saw some maximum Open Interest built up among all the housing finance companies.""The stock has respected Rs 485-490. That was a very strong bottom and it rebounded from there. So I think now the immediate resistance point which is Rs 535-540 would be the next target for DHFL and people who are taking positions should keep a stop loss around that Rs 490-495 band," he said.At 11:56 hrs Dewan Housing Finance Corporation was quoting at Rs 507.80, down Rs 2.55, or 0.50 percent. It has touched an intraday high of Rs 514.90 and an intraday low of Rs 504.35.