Buy Federal Bank at Rs 376: Hemen Kapadia

Buy Federal Bank at Rs 376, says Hemen Kapadia, CEO of chartpundit.com.

Kapadia told CNBC-TV18, "The bank nifty has done exceptionally well and has given a decent upmove. Federal Bank has done the same. It has given a mini breakout once again on the hourly charts. One can buy at Rs 376 with a stoploss at Rs 372 and target of Rs 384. This is a short term call valid for intraday.