IT looks oversold but the chart here still shows that a downside of another 4-5% is left.Dont go short here but neither long it.Wait for an entry point of 820-800 level.I THINK THERE IS A SHORT TERM TARGET OF 920 WHICH WILL BE ACHEIVED.For intermediate term I guess we are still in the downtrend and a target of 650 can be achieved by May or June.
Have patience for idfc first bank.A good support at 44-45 area is where you have to go long for a target of 49 and 52.IT will be achieved by next 8 week.Time line for a 8week target is 52.
