Sell IDFC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IDFC is a sell. It has made double top and broken down from it. That is not unusual because lot of stocks are breaking down. This does not change the long-term bullishness of IDFC, but for a short-term swing trader it is a selling opportunity."

At 11:43 hrs IDFC was quoting at Rs 148.90, up Rs 2.80, or 1.92 percent. It has touched an intraday high of Rs 149.40 and an intraday low of Rs 145.
The share touched its 52-week high Rs 185.35 and 52-week low Rs 121.35 on 07 January, 2013 and 04 June, 2012, respectively. Currently, it is trading 19.67 percent below its 52-week high and 22.7 percent above its 52-week low. Market capitalisation stands at Rs 22,554.29 crore.