Turning Bullish: IDBI Bank

IDBI has been trading in a tight range between 77 - 97.
Immediate Support: 86
Nest Resistance: 106
News Alert: RBI cleared privatisation of IDBI. Fairfax India Holdings has emerged as the frontrunner to acquire a 60.7% in IDBI. CSB Bank may be merged with IDBI Bank post-acquisition.
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