Strongest Bank stock - Federal Bank- Buy.
1. Trend - UP.
2. Support - 200 was earlier acting as Resistance but now price is above 200 and this is now support.
Resistance -price is now making all time high, next major resistance will be 250 now.
3. Market conditions - BankNifty is showing reversal. Up move to 53000 is expected.
Federal Bank is strongest of banking stocks, so we will buy this to benefit from BankNifty up move.
4. Entry - Current Level - 202.
Target - 224, 249.
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