IDFC has support at Rs 134: Gupta

IDFC has support at Rs 134, says Amit Gupta, Chief Manager- Derivatives -ICICI Securities.

Gupta told CNBC-TV18, "Bharti Airtel - if you look at we are seeing a fresh buildup actually coming up into the March series, the same has happened in Idea also. I feel it is possible in the short term you can see a slight upmove coming up in the stock. While the March series futures they are seeing fresh build up from here on because still 7 to 8 days are left. I think it is possible that they are feeling the adverse rollover costs may hamper in rolling over the position. So from here only they are rolling over the long position when the momentum is still not there in the stock. So it is possible till expiry comes, we can see some sort of momentum in Bharti coming back." He further added, "If you look at IDFC the stock has really underperformed because when the market was cracking we saw very heavy cut actually in IDFC coming up and because of the very heavy long liquidation, because we have seen at the higher levels continuously the long positions being piled up in the stock and from there because the market didn