Buy IDFC, target Rs 158-162: Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "IDFC for the last two expiries has not actually moved. It has not been able to breach Rs 150 level successfully and on charts it is forming something like a inverted head and shoulders. So pending the results the downside in IDFC appears to be very limited and I don’t see it breaking Rs 130-140 levels easily."

"From current levels you can purchase IDFC and look for targets of about Rs 158-162 and this pattern has been forming for the last three months. So it gives more validity for the upside target," he added.