Go long in DLF, NMDC may test Rs 126: Siddarth Bhamre

Siddarth Bhamre of Angel Broking told CNBC-TV18, "Yesterday DLF corrected and didn't see any formation of short positions. The stock has strong support around Rs 110 and I am not expecting the counter to go below that level. So I would suggest from trading perspective, not very aggressive target price, from current level one can go long with a target of Rs 129 and stop loss of around Rs 111."

"NMDC is one of my favourite counters, low beta and it moves in a much sorted manner though it is going down. At current level, I am seeing some support in NMDC. We have not seen any fresh formation of short position in this counter. One can see some bounce back taking place, not very aggressive target price, I am expecting Rs 126 on the bounce and Rs 113 should be the stop loss in NMDC. I am going for more of high beta names apart from NMDC to play in this consolidating market," he added.