Hold DLF, stop loss Rs 95: Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "DLF has already undergone a massive price rise as well time wise correction over the past seven years. With a near term view, this stock is clearly in a sideways trend wherein the broad range would be Rs 140-145 which is a major resistances on the upside and Rs 95 has now become a strong support."

"As of now the stock is in consolidation mode. With a near-term view, Rs 115-118 would be a major hurdle. Once this stock surpasses this level then Rs 135-140 levels are possible. At this juncture one can hold positions by keeping a strict stop loss below Rs 95 on a closing basis," he said.