October 14, 2014

DLF - SEBI

DLF (Cmp 110) Trendline support broken with volumes due to SEBI action.
 Next Expected Fibonacci levels are 99.80/- & 61/-Rs 

PS: Dlf is second stock hit due to Change is  political situation. JSPL is the other one.
It will be difficult for DLF to raise funds, to decrease promoter holding below 75% and to launch new projects.

Liquidation of assets and cash requirement could lead to correction  in real estate prices in NCR.

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