• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Infrastructure Spending may Boost IDFC Revenues: Short term Strategy Buy on Lower Levels

By Bhaveek Patel Leave a Comment

IDFC is amongst the leading infrastructure finance companies, and it was listed on NSE on 12 August 2005, since then the company was responsible for funding the large number of infrastructure projects in the country. IDFC also was one of major company to get beaten by the recession of the year 2008. Also this year (2011) is still not good for the company and we have seen the stock has entered the bearish trend on 19 November 2010 and since then we have seen the stock price correcting about 65% from the 190 level to 89 level, and we see there should be no change in this trend until the sector fundamentals change. So we are having a strong trending stock even though its down trend, but we will be looking for selling opportunities as long as the trend is down. Following the technical analysis we see that traders can go short on IDFC below 130 level for short term target of 120 and 111 levels, also placing the stop loss orders above 135 level. We advice traders to keep trailing the stop loss when in profit to lock the profits, also one needs to keep looking for the fundamentals so that there is no contrarion indication for this short position. All the positions discussed on IDFC here are based on futures contract and should not be traded as option (call/put) contracts.
IDFC Logo

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Infrastructure Sector Calls: Reliance Infrastructure Multibagger if Invested for Long Term Reliance Infrastructure Ltd. is one of the fastest growing infrastructure company in India, it is company of Anil Ambani’s Led ADA Group. The company is involved in road construction, metro, airport, cement, real estate and...
  2. SHORT TERM STOCK – BUY SREI Infrastructure Finance BUY SREI INFRASTRUCTURE FINANCE ABOVE 120, FOR TARGET 136 / 144. WITH STOP LOSS AROUND 115. AS THE COMPANY HAS POSTED GOOD RESULT AND TECHNICALLY THE STOCK ENTERS A BULLISH RALLY ABOVE 120 SO IT...
  3. Short Term Stock: LIC HOUSING FIN., Can touch 1124 This stock has fallen more than 18% yesterday and also today it is following yesterdays trend again down 5%. We see that the fundamentals don’t change in the stock as company has been continuously growing...
  4. Steel Sector Outlook: Sail may Outperform in Short Term, We Advice Short Sell Sail Today Target 100 Steel Authority of India Ltd. is one of the largest steel producers in India. The company is in the iron and steel production business. SAIL was listed on NSE on 6 July in the year...
  5. Midcap pick For Short term Trading: Buy ABB At CMP for Long term Target 960, Bullish Momentum seen ABB Ltd. is one of the oldest listed company trading on NSE, it was listed on NSE on 8 February 1995. ABB has been in its intermediate up trend and we are now looking for...

Category: Short Term Stocks Tags: Buy IDFC/ Infrastructure Sector/ Trading Strategy

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Trading Nifty Futures Just after IIP Data is Released, How to Trade IIP
Next Post: Long term Outlook for Aarti Drugs, Midcap Stocks with High Return on Investments

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Results Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean