First day of the week Equity market opened with the bullish side,The market have rallied quite smartly until now and are expected to continue with their positive bias. In previous session nifty has closed at highest level now nifty trading up 19.70 pts or 0.25% to 7771.30. ONGC was trading 0.8% lower at Rs 418.20 and Oil India was up 0.2% to Rs 585.
The smallcap and midcap market gained too rising 0.3% and 0.6% supported by gains of ashok leyland, crompton greave, Jain irrigation, Petronet lNG, container corp, Adani ports.
IDFC is a ‘Buy’ call with a target 142/144/ 146 and a stop loss of Rs 136.50.