Indiabulls Fin has been lagging behind: Devang Visaria

ET Now spoke to Devang Visaria, Chief Strategist, for a technical check on Indiabulls Financial Services

Indiabulls Financial Services on the charts?

It has been lagging behind the other stocks, LIC Housing, M&M Financial Services. These are really the 2 stocks where you are seeing a lot of action and any strength in the broad market, you will suddenly see this stock starting to gain.

So I would rate these 2 stocks as an outperformer pick and if you are portfolio investor, then these stocks need to be there in your portfolio rather than the other 2. IFCI was attempting to see some breakout above the 63-64 levels but again, you have had a mini sell off thing on this one and you are back to the supports of 57-55.

So possibly it is likely to be range bound between 55 and 63 levels for the next 2 or 3 weeks and since you are getting in it around 58 right now, possibly look to buy around 57-56.