Go long in DLF 140 Call, says Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are positive on DLF and selective real estate counters because of its recent momentum. Usually whenever we see some profit booking from market, DLF has tendency to go down being a high beta counter but this stock is continuously moving upwards from last couple of weeks and making higher tops higher bottom formations. Although it is finding some hurdle near Rs 138 zone from last four trading sessions but above that we may see a fresh round of momentum which may take it to Rs 245-247 levels.""We are recommending to go long in 140 Call, keep the stop loss of Rs 3 and this Call can move towards Rs 11-12," he said.