IDFC can move to Rs 188-190: Thukral

Hemant Thukral, Aditya Birla Money feels that IDFC is heading up for a new level towards Rs 188-190.

Thukral told CNBC-TV18, "Basically all metal stocks have moved up sharply and the way the OI has been added up they clearly see some buying interest continue. Yesterday SAIL has seen the maximum OI being added up, so clearly it seems to be adding up long positions. Go ahead for a target of Rs 102 on the upside and second best would be Tata Steel, the way the OI is being added up for a target price of Rs 455-460."
He further added, "In IDFC yesterday the way the OI has been added up and it has closed now above Rs 180, it seems that now we are heading up for a new level towards Rs 188-190 and also the Call writing positions have started shifting from Rs 180-190, so it will definitely move towards that Rs 188-190 mark now."