Dlf has been pointed-out by a Canadian based research firm Veritas Investment Research, this firm reveals the poor companies which are doing bad in term of financial. DLF stock was trading around 209 when company published its report about DLF and just after the reports were public stock tanked about 7% in no time. Also this firm has valued DLF at Rs.100 per share 50% lower than its current trading price on NSE. Trading this news we see DLF stock to react and market is gonna crush the gains if any in short term, for today we recommend to short sell DLF future at 216 for target of 205.9 and then 202.5. Placing intraday stop loss at 217 level. Positional trader can keep their short position open around 216 for 8 to 12 trading sessions target as 190 and then 175 level. Stop being placed just above the yesterdays high i.e. 233 level. Today’s sharp decline has opened its to 175 level, we don’t see any major support in between. Nifty future is trading lower today, support do exist at 5343 level as 200 SMA moving average will act as support here.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
I have made short at 215 and booked profit at 202. thanks to you. Is there any trade for DLF in this week?
Do you provide tips on bank nifty?
Sir bank nifty tips has been posted today you can check it. DLF may see some short covering in near term as nifty future also found support. Bounce can be expected in DLF next week.
DLF is still a short sell or can i buy it for long term. suggest me stocks in realty sector for long term investment. i also need your opinion on sesagoa stock, can i buy it next week.