Go long on IDFC, advises Rishi Kohli

Rishi Kohli of ProAlpha Systematic Capital told CNBC-TV18, "IDFC has a bullish bias, it should go to Rs 98-99. There is a positive bias in the medium term, so I would try to go more long than short on this stock but again have tight stoploss of Rs 88.50-89.50."

"I am not as bullish in Larsen and Toubro (L&T) as IDFC, so I would be very strict with the Rs 800-804 region as a stoploss, broadly it should try to bounce a little bit in the near term," he said. At 14:56 hrs IDFC was quoting at Rs 94.30, up Rs 3.50, or 3.85 percent. It has touched an intraday high of Rs 94.30 and an intraday low of Rs 90.85. The share touched its 52-week high Rs 185.35 and 52-week low Rs 76.25 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 49.12 percent below its 52-week high and 23.67 percent above its 52-week low. Market capitalisation stands at Rs 14,297.07 crore.