IDBI Bank may test Rs 85-90: Bhambwani

Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Vijay Bhambwani See what other Experts & Brokerages are saying about IDBI Bank See messages about IDBI Bank IDBI Bank BSE | NSE 10/02/12 Are Mutual Funds betting on IDBI Bank?

Technical Analyst, Vijay Bhambwani is of the view that in the coming few sessions IDBI Bank  can test Rs 85-90.

Bhambwani told CNBC-TV18, "You could see IDBI Bank retrace somewhat because it's been walloped all the way down to Rs 64. I think seeing a level of Rs 85-90 in the coming few sessions is not very unlikely."

Disclosure: Analyst doesn't hold the above stock.