Parag Doctor, Head - Trading Strategies of Keynote Capital's told CNBC-TV18, "We have a trading buy on IDFC and the support is seen at around Rs 135-140 levels. It is a multiple support over several weeks."
"That should propel the stock to Rs 150-155 kind of zone where longer term resistance exists from the 200-day moving average. Keep a trading stop loss at Rs 138-140 and exit around Rs 150 would be the way to go for the investor," he added. Also Read: IDFC to apply for banking license, shares gain 2%
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
