DLF may slip to Rs 240-260: Bose

Technical Analyst, Rajat K Bose is of the view that DLF may slip to Rs 240-260.

Bose told CNBC-TV18, "I would still say that in banking and real estate stocks you can take short positions even on a minor bounce, you can again sell those counters and there are stocks that are showing absolutely strong downtrending indications like JP Associates, Hindalco. Hindalco maybe showing a bit of a bounce today but I don’t trusts that bounce much or even say HDIL, Unitech, and DLF. For DLF my target is something like Rs 240 to about Rs 260. So those levels might well come, so it is better that we do not attempt any kind of bottom fishing out there."