DLF has target of Rs 350, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told , "We have been watching the real estate sector and we have been expecting it to participate or come back in some kind of form. If you see prices on a comparative basis, last time the markets were at 5,300 which was in January, DLF was at more than Rs 400 and HDIL was at more than Rs 350. So I think this sector has underperformed broadly in the last two months and now it is just coming back, some kind of catch up is happening.”

He further added, “Also the fact that after a good fall we are seeing some signals of reversal. So I think DLF possibly could move upto levels of around Rs 335 and then above that I think Rs 350 is the next target, which we are looking at. Similarly HDIL, I think Rs 320-325 would be a good target. So this sector would participate, will give you good trading momentum but that is about it."