Update:

IDFC BSE: 532659 | NSE: IDFC has breached the first resistance level of 156 ( refer earlier post).Book partial profits now.


Keep the stoploss between 147 and 152 . The stock may breach the second resistance level of 166/168.


Read the following news and also the link.

"IDFC is up 4 percent as ina big push to infrastructure as the Reserve Bank of India has relaxed infra financing rules. Banks are exempted from SLR and CRR requirement for long-term infrastructure bonds. Priority sector lending norms are also eased. Affordable housing has got infrastructure status."



http://www.moneycontrol.com/news/business/rbis-easier-infra-lending-norms-not-applicable-to-us-idfc_1128520.html