Avoid IDFC, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should not buy IDFC at the current levels. The stock was giving signs of breaking out, it was considered to be one of the best of the infrastructure finance companies, it may still be but share prices are not very attractive. The charts are not suggesting a big move is coming, so why buy IDFC."

"If you want to stay in the financial services business then the banks today are at much lower levels. HDFC Bank, ICICI Bank and Axis Bank are certainly going to outperform in the next one year as compared to IDFC. So go for financial banks, private sector banks and avoid IDFC," he added.