Buy IDFC FIRST Bank Ltd For Target Rs.62- Religare Broking
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* Banking Index has been trading firmly and IDFCFIRSTB looks set to resume the trend.
* It has spent nearly 4 months into corrective phase, after the phenomenal surge from 30 to 64+ zone. ? Seeing strong uptick in price with noticeable surge in volumes.
* We thus suggest initiating fresh longs as per the given levels.
BUY IDFC FIRST Bank Ltd CMP (Rs) 56.50 Range 56-57 Target 62 SL 54
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