Sell DLF, Karnataka Bank, BoI: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "I have a sell call on DLF and that is clearly on the back that the stock's typically struggle between Rs 165-170. If we actually close below Rs 159 odd that would really be a good confirmation to things but all said I would say go short. The level of Rs 149 is a reasonable target to be trading for keeping a stop loss at Rs 164.""In addition I have two buy calls on the banks. One is on Karnataka Bank. The stock has been correcting a bit and now we have seen a lot of support come in at Rs 148-150. It has been kind of maintaining that level well above that 200-day moving average. So, kind of checks all the boxes, be it on volume, be it on the averages. So, Rs 164 a reasonable short term target which could come in, in a couple of days with Rs 148 being a stop loss, I would buy for Rs 164 as the target," he added."Bank of India a short term trade. With a Rs 115 stop loss I am looking at Rs 122-123 as very near term targets which could even come in, in a week or so.""Reliance Industries is going to be a dark horse and you probably would see that being one of the stronger stocks within the indices. So, I am really looking at targets of upwards of Rs 1,100 on Reliance fairly quickly. So, if you are talking about the very short term, the next 4-5 percent bump up looks fairly evident and that is going to be something which is going to add a lot of strength to that Nifty. So, getting to 8,900 on the Nifty could largely be assisted through Reliance getting to that Rs 1,100 mark."Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.