Short IDFC, says Sukhani

Short IDFC, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I thought IDFC is bottoming out and finishing its bear market. It had a very nice rally and then it suddenly started collapsing. Day after day it has started falling. It has broken the previous lows. That’s not good news. So IDFC is a short sell and it is also a cause for lot of worry.
He further added, "Bharti Airtel is doing the right things. It has stopped falling. For the last 7-10 days it is going in a small trading range. Yesterday it broke out of that trading range on a day when the market was down and it is accompanied by Idea which means there is a sector move, not just an individual stock move. So today we would be focusing on both of these stocks to go long. Any intraday dip, consolidation is probably sensible."