Neutral on IDFC: Rajat Bose

In a chat with ET Now, Rajat Bose of rajatkbose.com, gives his view on stocks. Excerpts:

ET Now: What is the call on IDFC?

Rajat Bose: It is now in some kind of a neutral zone, if you want to call it that way. 133-134 to about 129 is that zone. Here, neither the bull nor the bear is strong. The bear would gain strength if it were to fall below 129 and bull would retain the initiative if it sustains above 134.

So we need to watch out for these 2 boundaries. If IDFC can sustain above 134, we can expect it to claw back to a higher level. Otherwise a fall below 129 would mean a fall further to 123-121 kind of levels. So we are in a neutral zone at the moment in this stock.