Go long in IDBI Bank, says Shubham Agarwal

Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "We have seen completely different movement in IDBI Bank if we compared to midcap banks and how they are placed. It is very much there in the price and we have been witnessing continuous breakout happening in it. So, after a very long consolidation we have again seen a good upmove coming in yesterday.""On a short-term scale may be in one to one and a half months, we can expect Rs 110. So, it makes sense to actually go and take a few long positions because we don't see it behaving like other midcaps banks which is consolidating in nature. So, I think for this view to play out, Rs 85 can be kept as stop loss for this long trade and Rs 110-112 is what we expect within a time frame of about a month," he added.