Buy IDFC on declines, says Sudarshan Sukhani

Buy IDFC on declines, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "We have a buy on IDFC in the morning. It was in a trading range, it broke out of that trading range. It’s completed its bear market, it fell a lot and now it started what could be a very promising rally. So, I don’t worry about the results, if the results are not satisfactory it will fall for a day or two days, that’s about all. If it declines it’s a buying opportunity, excellent."
He further added, "Jaiprakash Associates is falling hour by hour, minute by minute, so you don’t enter a stock just randomly. But you certainly can keep a watch on it. Once it stops falling and starts showing signs of stability it is also a buy. This is a stock that we want to buy on every dip."
"Delta Corp is not my favorite stock but clearly it is in an uptrend and stocks in uptrend should be respected. So if somebody wants to trade in it there is a trade on the long side. I think there are higher levels ahead."