Buy India Infoline on decline, says Kulkarni

Shardul Kulkarni of Angel Broking is of the view that, from a trading perspective one can buy India Infoline on decline.

Kulkarni told CNBC-TV18, "India Infoline has a decent chart. The stock has made a high of around Rs 80. In case of today’s trading sessions and the stock is still in a strong high top, high bottom cycle. If the market picks up we will see these broking firms do quite well over the near term. I think from a trading perspective it can qualify as a good buy on declines." Disclosures: It is possible that we have positions in the stocks discussed and we may have recommended them to our clients.