Buy Federal Bank for the target prices of Rs 550.50/555.50/Higher with a stop loss of Rs 535.5: ICICIDirect

Last Updated: Fri, Dec 28, 2012 04:35 hrs

We said, "Strength above White line could open next rally ... Failure would bring back caution." Index failed to strengthen above the White line. Reacting 202 pts intra-day, it closed 94 pts or 0.4% lower. All sectors finished flat to negative. Small-cap Index was the major loser, down 0.7%, due to which, A/D ratio turned negative 1:2.


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