Rahul Mohindar of viratechindia.com told CNBC-TV18, "I tried to pick something which is really in a medium to long-term negative trend and what we saw over the last one or two weeks is that DLF really moved up almost 15 percent from mid November. So, we have had a decent upmove and I rate this more as a corrective rally that we saw upwards. I think around this level of around Rs 120 it is definitely a very difficult area for this stock to breakout. So, keeping a stop loss past Rs 120, I think one should short DLF. I am looking at intraday or one or two days targets of about a Rs 114 and the stock definitely has potential to re-visit even lower levels." "We haven’t witnessed any signals despite the upmove that we saw over the last two weeks in terms of medium to long term indicators changing trend. However, I would not really like to pick on any other real estate stock immediately at this point in terms of weakness. I think that they are more range bound than weak but I think DLF could just buck that trend and move out," he added.
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