Sanjeev Agarwal of Dynamix Research and Capital Management told CNBC-TV18, "The trend has been down in IDFC and it is going to have a huge resistance between Rs 85-95. It is likely to break the bottom which it recently made, because the market trend seems down and we should see markets somewhere around 5000 to 4800 in the next one month."
"So at that point of time it will be a temporary bottom for IDFC maybe below Rs 75 and around 70," he said.
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