DLF
Current price: Rs 277
Target price: Rs 265
The stock has hit resistance at Rs 280 and reacted on high volumes. It has a lot of support between Rs 260 and Rs 265 and it's likely to test at least the upper end of that zone. Keep a stop at Rs 282 and go short. Increase the position below Rs 270 and reset the stop-loss to Rs 273. Clear the position below Rs 265.
Suzlon
Current price: Rs 56.5
Target price: Rs 53
A downside breakout with high volumes sets up a target of about Rs 53 on the downside with resistance at Rs 58-59. A short is possible with a stop-loss at Rs 58 and a target of Rs 53. Be prepared to reverse the position quickly because the stock is often high-volume and extremely volatile.
