Buy IDFC at current level: Sukhani

Sudarshan Sukhani, s2analytics.com feels that if somebody is willing to carry IDFC for a few weeks not one or two days then it can easily be picked up at current levels.

Sukhani told CNBC-TV18, “IDFC has been in an uptrend. It has completed its bear market and is now starting what promises to be a very interesting bull market. So IDFC is a buy on every dip. Even today if somebody is willing to carry IDFC for a few weeks not one or two days then IDFC can easily be picked up at current levels.”
He further added, “The sugar charts are telling us it is likely to remain subdued which is why Shree Renuka was a sell in the morning. I would expect all the three sugar majors to slide further on the downside. There is no buying opportunity, so short sellers can still look for short selling otherwise stay away.”