Sell IDFC with a target of Rs 177.10: Rajat Bose

In chat with ET NOW, Rajat Bose, rajatkbose.com, gives his call on IDFC.

What is your call on IDFC?

I recommend selling IDFC which is already falling. If we look at the intraday trajectory that is actually a one-way down scenario but I expect some support around say Rs 177. Hence, the target is Rs 177.10 and put a stop loss above Rs 181.10. The stop loss is given just above Rs 181 in order to keep the risk reward ratio above 1.

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