Sell DLF, target Rs 110: Sacchitanand Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "Entire realty space has been on the weak side and we have seen decent bounce back in DLF. If you look at the intraday charts, we have a rising wedge kind of a pattern which is about to get mature now. So it is a good setup wherein one can place order on sell side and short the counter with a stop loss of around Rs 130 on the higher side and we expect a pattern target of around Rs 110 to be tested soon."At 14:44 hrs DLF was quoting at Rs 123.30, down Rs 2.75, or 2.18 percent. It has touched an intraday high of Rs 127.80 and an intraday low of Rs 122.05.