Shah told CNBC-TV18, "IDBI Bank has given nice move yesterday with good amount of volumes both on the cash and F&O side at about Rs 133-134 was the close. I am looking at buying IDBI Bank with a target of about Rs 148 and I am putting a stop loss of about Rs 128."
He further added, "I guess this could give a fantastic move and overall the entire banking has given you good move considering that you corrected and then gave a flat to closing, so I feel that for today the banking sector could give you a good performance."