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DLF is a Short Candidate

DLF has been enjoying the bull run off late but now it has to bear the brunt as Canadian based research firm Veritas Investment Research has projected a target of Rs 100 for the stock as it feels that it has bad financial health.  The equity research report titled 'A Crumbling Edifice' has also has raised doubts about the company's disclosed book equity and asset base.

Thus it is ideal to keep away from this stock because when such a report is made public, funds make exit from the stock and it leads to a fall in stock price and as a result it can fall till 175 levels in near term.

Do check out best stock market technical analyst views on daily market and money like professionals.

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