Short DLF; buy Apollo Hospitals, Cadila Health: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "Today’s recovery in DLF is more intraday in nature. The overall medium to long-term picture on the stock has not changed. We have broken the previous bottoms that we have built up in the last couple of months. Technically, we are still very negative on the stock. One should use such corrective rallies as opportunities to sell, so it is a very defined stop loss at Rs 99. I would look at shorting DLF. I believe levels like Rs 87-88 could definitely come in the next few days. So, clearly a corrective rally in play.""On the buy side, I have Cadila Healthcare as well as Apollo Hospitals. We like Apollo Hospitals from a medium to long-term perspective. We have seen that in the last couple of days it has given us a fairly sharp correction and again, we are using this correction as an opportunity to buy it. So, with Rs 1,400 as stop loss, we are looking at the stock getting into its previous highs of Rs 1,520-1,525. So, definitely it is worth buying. It has been an outperformer. The longer term trends and indicators continue to be positive," he said."On another note, Cadila is a stock which we see has been consolidating at levels around Rs 290-300 and we are on a little bit of an uptick. So at least in the near-term, we will see levels of Rs 335 is what we reckon. So, for that target, one could go long on Cadila with a stop loss of Rs 305. But having said that, given a longer term horizon, the stock can actually move up a lot more and more than Rs 335. We are looking at Rs 360-370 on a 4-5 month time frame," he said.