Short Sell DLF with a price target of 190

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 This Week Previous Week% Change
Metal
10,158.6710,258.40-0.97
HC16,156.29 16,240.25 -0.52
FMCG 8,458.228,537.01-0.92
Consumer Durable12,796.1612,792.310.03
TECK5,577.675,597.88-0.36
AUTO22,554.9022,849.09-1.29
OIL & GAS12,178.2512,081.220.80
PSU7,462.447,462.44 0.00
BANKEX21,716.1022,152.52-1.97
CG14,893.2014,839.830.36
IT10,155.1210,082.390.72
POWER1,991.312,018.25-1.33
REALTY1,532.711,573.43-2.59

The Market Mantra has detected a weakness developing on DLF (NSE: DLF). This bearish signal indicates that the stock price may fall from the close of 198.40 on 31st July 2014 to the range of 190-191. The pattern is likely to take 4-5 trading session to reach the target price range.

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