Mar 15, 2013, 01.08 PM IST | Source: CNBC-TV18

Exit IDBI Bank at Rs 95: Sukhani

Sudarshan Sukhani, is of the view that one can exit IDBI Bank at around Rs 95-96.

Sudarshan Sukhani, is of the view that one can exit IDBI Bank at around Rs 95-96.

Sukhani told CNBC-TV18, “ IDBI Bank is not a favourite stock now. IDBI has been a disappointing chart and that disappointment continues to show. So, I would say that even if you are a long-term investor, this is not the stock to stay in. For a short-term trader, you must stay with momentum stocks and IDBI Bank is not a momentum stock. It is a downtrending stock with hardly any rallies. So, my suggestion would be to consider exiting it.”

He further added, “There are two ways to do it. One is to get out now and the second is maybe the Nifty will go up. In that case, you can get slightly better prices. So, keep a target of Rs 95-96 for an exit. In case the market does not go up at all, keep a stop loss at Rs 88. If IDBI Bank goes below Rs 88, get out anyway otherwise look for a rally and get out in that rally at the targets I have suggested.” 

Disclosure: Analyst does not hold the above mentioned stock.

Set email alert for


Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1700.91 -4.64 -0.27%


Bought today


Sold today


User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.