Buy IDFC for the target prices of Rs 169/170.50/Higher with a stop loss of Rs 164.5: ICICIDirect

We said, "While bias remains negative, watch if creates supportive action near the gap." Index opened below the gap. Down 211 pts initially, it recovered 90 pts in late trade, and ended 148 pts or 0.7% lower. Realty Index recovered 1.9%, but IT/Metal/FMCG Indexes lost 1- 2% each. The A/D ratio turned negative, and ended at 1:2.

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