Rajat Bose of rajatkbose.com told CNBC-TV18, "Looking at the chart, looking at the price movement for the last few days it appears that probably IDFC Bank might do well but for that I would suggest a stop loss below Rs 44. Otherwise one can put a stoploss below Rs 48 on closing price basis that is another way of doing it."
"Only thing I would say that unless it crosses Rs 52-54 supply zone, do not expect much of an upside movement. May be the whole pullback rally could be kept around those levels, so continue hold."
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