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Pick DLF, HDIL: Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one may prefer DLF and HDIL from real estate space.

January 01, 2016 / 17:03 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "I like DLF, after a long while it is actually crossing the resistance level around Rs 121-122. If it sustains above that then early part of next week may be we will see something like Rs 127-129 on the upside. If you are going long today put a stoploss below Rs 117. It looks pretty good.""Second stock in that space what I like is Housing Development and Infrastructure (HDIL). It has crossed its 200-day exponential moving average and it is moving above that. It is also a medium term buy because it is after a fairly long period, may be since July, has never crossed its 200-day moving average, today it is about to cross that or just about crossing it.""The chances are that you would see Rs 87-90 on the upside going forward if it sustains above its 200-day moving average. So, these two from the real estate space look quite good to me," he added.

first published: Jan 1, 2016 05:02 pm

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