IFCI has major support at Rs 25.85-24.25......

As a trader IFCI’s become a real fancy but you got to buy the falls not the rises and if stock moves from 10-30 bucks in no time, you are bound to have volatility at Rs 28-29 levels. The actual main target remains Rs 36 but any time it comes closer to the top of Rs 32-33 it does struggle to cross it, so I guess it needs to cross that sooner or later. But definitely on the fall Rs 25.85 to Rs 24.25 that’s the major support zone for the stock and its keep bouncing back from there."

"In a worst case scenario I will probably take it a little further down if there is a real carnage in the market maybe even Rs 18, I doubt you will see those levels. But I think every time it falls to come a good trading opportunity. But if you are going to start buying it at Rs 29-30 levels then you are going to see this pain in terms of volatile. I think you buy it at every fall closer to Rs 24-25 and then sell it every time it comes till Rs 30, you will make some good money.”