AW10.. What r ur views on DLF till expiry... and where do u see nifty to expire
It is difficult to take any call for volatile stock like DLF.
As per my reading of DLF chart, 450 is crucial level. The kind of selling that is seen in last two days from 500 level (almost straight line selling without any retracement.. indicates that there are many sellers waiting for price to come up and sell.
To me it doesn't look like the selling by day or swing players but seems more of ordres from biggies. I won't be surpised if it struggles to bounce and hold on to higher level.
Below 450, next support is 410/400 level..
Better to watch out for OI on this.. If it goes below 450 then players might shift there position down.. and make 450 as new resistence level.. which is currently seems to be good support.
Just my opinion, and market doesn't listen to me. so I prefer to listen to the market and go with the flow.
Happy Trading