"Till the time the Nifty and Bank Nifty don’t align in one direction, we do not really get a trend. In IDBI Bank we have not seen a short built up and there still good accumulation going on at Rs 60. So, we believe that would be one stock which can give you a good bounce, possible to Rs 64.5. So we are recommending buying at Rs 60, maybe a stop loss of Rs 58.2 on that and somewhere close to Rs 64-65 is where the distribution can come in."
"In IndusInd Bank as well there is fresh long built up and needless to say it follows very definitely or precisely the concept of VWAP i.e. volume weighted average price. At Rs 1,485 we recommend buying here with a stop loss of Rs 1,460 and we are expecting a target of Rs 1,520 on that," he said.
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