Buy IDFC with stoploss of Rs 124: Siddhartha Chaterjee

Buy IDFC with a stoploss of Rs 124, says Siddhartha Chaterjee of Trustline Securities

Chaterjee told CNBC-TV18, "Yesterday IDFC crossed with huge volumes of above Rs 126 and that was a pivotal point from where it should resume its journey upwards. It is maintaining above all types of short-term moving averages and thereby also trending up technically as we call it. We would like to buy IDFC with a stop of Rs 124 and target of Rs 131."