Short IDFC, says Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "IDFC did a bit of a rebound today but then it didn’t really succeed in sustaining. The stock can go down more from the current levels. One should short IDFC at the current levels with the first target of Rs 134 and put a stoploss at Rs 141."

"The stock that I really like is Ashok Leyland that has outperformed and did really well in yesterday’s trade. It is building upon that momentum. The stock can get to Rs 47 and one should put a stoploss at Rs 43-50," he added.