Buy IDFC on every dip, says Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to buy IDFC on every dip, it may rally to Rs 160- 165 in next few weeks.

Sukhani told CNBC-TV18, "Once IDFC crossed Rs 110 which was significant resistance, I have been upbeat on it and as of now it does appear that we are looking at a target of Rs 160-165 almost immediately in the next few weeks. So IDFC is a stock that you want to buy, you want to stay in. Every dip is buying opportunity." He further added, "For day trader, it is possible to buy ITC at lower levels, anticipating some kind of a rally because I assume the Nifty is up. But ITC is likely to be an under performer generally. So these swings can be caught by only day traders."