Short DLF, may head to Rs 101-110: JK Jain

JK Jain, Derivative Analyst at Karvy Stock Broking told CNBC-TV18, "There have been short positions that were build up in DLF. If you look at in reality space the other stocks like HDIL which are actually outperforming DLF, we have seen almost 1 to 1.2 crore shares added in the futures in DLF in the last three-four trading sessions on the short side. The stock is facing significant resistances around Rs 122-123.""We could see the pressure to continue in this stock. One can take a short position keeping a stop loss of Rs 121 on the downside we could see this stock heading towards a next support of Rs 110-101," he said.