Sell DLF, buy Torrent Power: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "In Motherson Sumi, we have definitely seen six to eight percent kind of cut intraday and that is exactly the reason why I get attracted to the stock because we are once again re-approaching support levels of Rs 245-250. If you look at the whole bit of the last two or three months on the stock, we have seen a strong correction from those highs. October was a month of fierce consolidation. We saw a lot of time being spent in October within a range which is where we saw levels like Rs 230-250, broadly that range which built in October which really got me and soaked in a lot of volumes.""So, studying the volume profile there, there is a lot of money that has got locked in there. We believe that we have once again have broken out to move towards Rs 310 levels and I am utilising a correction like today to enter the stock. If you have an appetite, you can probably keep three to six months in hand, look at Rs 245 as the next support so, keep a stop loss below that and aim at those targets of Rs 310," he said."The sell call that I have is on DLF. We are definitely negative on real estate. Long-term charts continue to be negative and we have broken a key support level in DLF. Today the stock has actually tanked a bit and we continue to see Rs 102 as its near-term target, but given a little time, we will once again look at Rs 95-96 levels resurfacing. So, double digits is where I am really aiming at on DLF. So, sell even now, if you are a very short-term trader, stop loss of Rs 114 is advisable.""On may buy Torrent Power. We have a target at Rs 205."