Mar 07, 2013, 04.07 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com is of the view that one can buy IDFC.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “ IDFC which has come down to support is suggesting that a minor up move may be coming. We are only talking of trading small up moves. This market is not entering a roaring bull run but the fact that the small up moves can still make money for us. So IDFC we are tracking on the long side. Since the bias is mildly bullish we are preferring and looking for stocks to buy rather than sell.”
IDFC closed at Rs 153.85, down Rs 0.25, or 0.16%. It has touched an intraday high of Rs 154.60 and an intraday low of Rs 150.65. There were pending buy orders of 386 shares, with no sellers available.It was trading with volumes of 743,374 shares.