Sell IDFC, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "IDFC has been a very weak stock. It's one of the weakest infrastructure stocks or infrastructure finance stocks and it's certainly a sell. In fact I would assume that somebody wise enough could create a positional short in IDFC and keep on taking the other side with better infrastructure companies, maybe IRB , maybe something else and maintain IDFC as a long-term short. But anyway in the short-term also IDFC is a clear short. We are looking at a target of Rs 125 in a couple of days."

He further added, " GMR Infra is building a very clear invisible distribution and dropping down from it. So it would be traded on the short side. I don't expect a lot of downside here. This is really for short-term traders. For people who are looking at a couple of weeks or three weeks a target of Rs 25 or Rs 24 is possible. But I am not as bearish as such. It's probably a decline after that big rally."