Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Infrastructure Development Finance Company (IDFC) is bouncing back from the lows it recorded two days ago. As of now, there is a buying opportunity in IDFC. The 4 percent does not worry because it is deeply oversold."
"If the Nifty stays steady, then I would assume IDFC to see much bigger rallies. It is an opportunity to go long. There is something else about the Nifty. The short-term trend is up and I have been repeating it from yesterday when the correction was over, the intermediate trend is down, there is no change in that," Sukhani said. Also Read: All set to comply with RBI norms on banking license: IDFC
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
