Jul 06, 2013, 02.21 PM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank with a target price of Rs 690-700 and IDFC with a target of Rs 140.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
"IDFC doesn't have the same momentum as HDFC Bank has. It is bottoming out, but then we are buying almost at the lows of what was a big down trending move. IDFC gives the sense that it is building a small base, it is now rallying from that base and we are looking at a target of Rs 135-140 for it. So, both financials have attractive chart patterns of different types for buying," Sukhani said.