Sell DLF, target Rs 99: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "We have got long-term resistance in DLF at about Rs 135. We saw the stock run up to those levels and reacted from there. I continue to believe that this is a stock, which will again head down to Rs 90. So Rs 99 is a precise target we would be looking at as short-term trades and selling at current level. I will keep a clear stop loss at Rs 118 because if the market even within this narrow range starts weakening up, this could be probably one of the stocks that would be hurt most."At 15:07 hrs DLF was quoting at Rs 111.35, down Rs 1.15, or 1.02 percent. It has touched an intraday high of Rs 114.20 and an intraday low of Rs 108.45.