Go short on DLF if it moves below 314: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com in a chat with ET Now talks about real estate stocks.

Real estate as a pack; they were not looking too strong we have got multiple calls saying that you should get out of real estate probably even go short today would probably only add to those woes. You think that’s going to happen? Real estate; which is the weakest HDIL, DLF, Unitech?

HDIL was already ruling weak, I think when the other stocks like DLF and Unitech were seeing rallies on the upside HDIL was in fact correcting so I wouldn’t be going short on HDIL at this level but yes DLF possibly if it makes a move below 314 you could have a short opportunity on this one and with a stop of closer to 322 you could take short positions, look for targets of closer to 300-295 for DLF on a move below 340.