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Sell DLF on rallies: Bose

This article was posted on Jan 22, 2009 and is filed under Stock Views

Technical Analyst, Rajat K Bose is of the view that one should sell DLF , IVRCL Infra and Indiabulls Real on rallies because they are going fall further.

Bose told CNBC-TV18, “The kind of fall in DLF that one has seen during the trade session suggests that weakness is developing even more. The last low that was recorded was around Rs 144, so that target level would also be reached in may be in the short-term or slightly longer, may be mid-February, by that time that level would be decisively broken and it can even go further down. So my suggestion is if one sees a rally in this stock or for that matter in stocks like IVRCL or Indiabulls Real – sell them because they are going fall further.”

source: Moneycontrol

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