Stock of the day : DLF Ltd For Target Rs. 40 - Religare Broking
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DLF Ltd
* DLF has been trading sideways with negative bias from last more than 2 months.
* It has witnessed a breakdown from the rising trendline with noticeable surge in volumes.
* it has registered a breakdown from the squeeze Bollinger bands indicates volatility likely to expand on the downside.
* We thus recommend creating shorts through the Put option.
BUY 850 PE DLF Ltd CMP 26.55 Range 25-27 SL19 Target 40
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