Sell DLF, see continued weakness: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "I have been recommending a sell on DLF for the last two-three days and I still think there is tremendous weakness on the stock, not just intraday news driven point of view but I also see this from a medium-term stand point. I see DLF move to Rs 102 in the very near term, so if you are looking at the next two or three days in terms of timeframe, I think that is where we are heading into.""For those intraday traders, Rs 116 stop loss would definitely be prudent. We are still looking at much deeper levels, we might even break the Rs 90 mark; in fact I would put out a target between Rs 87 and Rs 90 given three-four months window, I see severe weakness. If you look at the 200-day moving average, in the last one year, DLF has always resisted there and even two weeks ago Rs 130-135 was the block hole and we have turned from that important point. So everything is kind of set out for sell even now and we should see continued weakness here," he added.