IFCI a good bet above Rs 39: Bose

Technical Analyst, Rajat K Bose is of the view that  let IFCI cross Rs 39 and then only one can bet more on the long side but unless Rs 39 is decisively crossed it will once again become range bound.

Bose told CNBC-TV18,"IFCI let it cross Rs 39 and then only you can bet more on the long side but unless Rs 39 is decisively crossed it will once again become range bound."

He futher added, "On the Fertilizer stocks, I would still need some more movement to get some confidence there. Chambal is my favourite but I would be watching that before I take any position there."