Book profits in IDFC at Rs 151: IIFL

Book profits in IDFC at Rs 151, says Amit Harchekar, Technical Analyst, IIFL.

Harchekar told CNBC-TV18, "One can look for IDFC at this juncture. IDFC is again holding well above the support of Rs 137 and though the stock today is retesting the support levels if there is a bounce back, above Rs 142 we can expect this rally to continue." He further added, "On the upside I see the stock to move towards Rs 151, where one can book profits. But as of now, though the near-term trend is negative, we can expect some pullback towards Rs 151 in this counter."