Stock Trading Recommendations:Bank Nifty,IDFC and JP Associate

Bank Nifty

Bank Nifty made high of 12954, the day RBI reduced CRR rate and have been on declining mode from that day. Indian Current account deficit at record high, GDP lowest in almost 8 years and bad loans growing at rapid pace suggesting financials are in good health and same is reflected in benchmark Bank Nifty.
Bank Nifty has taken support of 50% retracement of recent rise from 9807-12954. Bull market bounce from 50% retracement, so this could make a good trade from short term.

Buy above 11550 Tgt..

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