Short IDFC around Rs 152, says Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "If we see a few momentum oscillators has a little time wise correction still left in case of IDFC. So another day or two and if the stock continues to remain in this band of Rs 152 to Rs 148 over the next two-three days then it would be a good idea to go short."

He further added, "Right now to initiate fresh short positions in case of IDFC is not warranted but I feel that another two-three days of sideways activity can be expected in case of IDFC. However the primary bias remains negative on the stock, it has given a break down below the levels of Rs 152 so that particular level will act as a resistance or a supply zone in case of IDFC."