IDFC looks weak, says Sudarshan Sukhani

IDFC is looking weak, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "IDFC is the weakest of the lot. It hardly rallies. Every rally in IDFC should be sold into. Again here the same theme applies. It’s probably likely to go and make new lows for this downtrend."
He further added, "Mahindra and Mahindra - it was remarkable. One day is not enough. While M&M is a buy, that pullback also took it out of a trading range and then pushed it on the upside. The charts were not supporting it, so such big moves on the upside needs some follow through. So if M&M continues to seek gains today, tomorrow then I would say it has become a perfect buying opportunity, but we have to wait for that."