Abhijit Paul of Alphative Advisors LLP told CNBC-TV18, "The realty stocks like DLF, HDIL and the others seem to have picked up some amount of steam for the days trade. The market has rallied quite a bit and in this juncture, it is actually pretty tough to find trading calls where the risk reward ratio is very much in one's favour."
"DLF looks poised for an upside move and that move on the upside can lead to a breakout and test the targets in the range of Rs 180-190. It might probably take a little bit time because of the fact that the benchmark Nifty per se is a bit stretched. And for a trade like that on DLF one should use a stoploss close to Rs 145," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
