IDFC looks weak, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Technically IDFC is looking weak. It has actually broken all support levels. About a year or so back even I was quite positive on IDFC, but now technically for me to say that this is going to bounce back, it is very difficult. At around Rs 41 is a support area and if that level is reached, probably there will be a bounce back."

At 15:25 hrs IDFC was quoting at Rs 48.75, down Rs 0.10, or 0.20 percent on the BSE.