Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC was one of the better stocks, but it keeps on making new lows. Today's pain is just a random occurrence. It has been continuing for almost two months now."
"There is a shorting opportunity because IDFC is again breaking its earlier support levels. The chances are that it is moving with some regret below Rs 100 eventually," he adds.
On July 29, 2013 IDFC ended at Rs 110.95, down Rs 4.70, or 4.06 percent. It has touched a 52-week low of Rs 110.25.
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