Short DLF, says Anu Jain
Published on Monday, January 25th, 2010 at 2:00 PMAuthor: stockalert (2026 Articles)
Short DLF with a stoploss of Rs 364, says Anu Jain, VP – IIFL Private Wealth Mgmt, India Infoline.
“The stocks which have been usually bullish would probably see some consolidation but stocks which have been weak in the stronger market itself of the last one month would definitely see a far more pull down. So I have picked up one of the real estate stocks. I believe lot more would be weaker.”
She further added, “In whenever you get a bounce – I have set Rs 350 but right up to Rs 360 you can keep shorting it because I am sure it is going to test back those Rs 330 odd levels, probably consolidate out there, maybe give up if the market continues to be weak. So with a stoploss of Rs 364, DLF makes a good choice to short.”
Source : MoneyControl
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