Sell DLF, target Rs 92: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "DLF is clearly making lower top lower bottom formation. It has broken the previous year low of Rs 100 zone and also broken the support of Rs 102 after the consolidation of last couple of trading sessions. We have seen fresh Call writing at 100 strike and the stock is clearly going down after long consolidation. So the trend may remain weak and the selling pressure may continue towards 92-90 levels.""We are recommending to sell the counter on any bounceback move with a stop loss Rs 102 for a downside target of Rs 92 and even lower levels," he said.