IDFC First bank Re-Rally

28 Haz

Banking stocks have largely underperformed benchmark nifty, however it seems that banks are having a rally(expectedly before budget) and IDFC First bank is poised to reap good rewards. Currently trading at LTP: 83.0 and breaking a major resistance. It is very likely that IDFC bank may give another 8-10 % in the coming 15-20 days. One might carefully strategize a bull spread to maximize profits.

4 Tem

Not

Strong buying can be seen around 77 Rs.