Sandeep Wagle of powermywealth.com told CNBC-TV18, "Currently, Federal Bank is at Rs 47-48, I see the bounceback extend to Rs 57-58. But I do not see it crossing Rs 60 in a hurry. If one has only 6-12 months, Rs 60 is a very strong resistance and that is the level to book out."At 15:08 hrs Federal Bank was quoting at Rs 47.45, up Rs 1.45, or 3.15 percent on the BSE.
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