Sell DLF, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would sell DLF today. We all expect a relief rally to start today and then you can actually sell in strength, to that extent your stoplosses would be easier and you will get a better price to sell. But DLF yesterday broke from a small consolidation and it is likely to move down further."

He further added, "These are not easy trades because first we are taking advantage of a correction on the assumption that it will be a deep correction. Second, we are selling after a big decline but for position traders the short selling opportunity in DLF is very much intact."

At 09:41 hrs DLF was quoting at Rs 167.95, down Rs 0.40, or 0.24 percent. It has touched an intraday high of Rs 171.30 and an intraday low of Rs 167.80.