WIth the govt having announced the sale of IDBI stake along with LIC. Its good to note LIC got IDBI at Rs 61 and for the sake of its shareholders wouldn't accept a loss below it.
If the stock bounces from either here or close to 41.50 its a good time to buy the stock. Additional pyramiding can be done above 46.50 if and when it moves upwards.
Stoploss after the first purchase would be 40.50.
If the stock bounces from either here or close to 41.50 its a good time to buy the stock. Additional pyramiding can be done above 46.50 if and when it moves upwards.
Stoploss after the first purchase would be 40.50.