Hold IDFC, exit Kingfisher Airlines: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can hold IDFC and should slowly get out of Kingfisher Airlines.

Sukhani told CNBC-TV18, "Stay with IDFC. IDFC seems to have completed its bear market and it’s now resuming or rather starting a new bull market of its own. It takes time. It builds a base then becomes choppy but the pattern suggests a significant bullish time is ahead. So in the next couple of months the investor can see Rs 160-165 wait for six months then it could be much higher." He further added, "I think one should slowly get out of Kingfisher Airlines, not necessarily at one go but even Rs 12 for Kingfisher Airlines seems to a very difficult task for it to rally and reach that level. It could do it but that’s a big chance one would be taking. The right approach is if you see any gains, exit slowly. The purpose should be to end the trade."