Avoid IRB Infra and IDFC: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.co, talks to ET Now on IRB Infra and IDFC.

On the charts IRB Infra and IDFC?

I would say avoid. The buy world is out from vocabulary and I will not even think of buying up to the point where Nifty goes up to 4500 or somewhere around that. The sentiment is too much down, too much beaten and for whatever reason little small negative news or rumour is good enough for the markets to crack down and more often than not traders who are on the buy side will see themselves trapped, so avoid as of now. Let some semblance come in, let some sanctity come in and then one can think of going long. As of now that has not yet happened and after a Tsunami happens the after shocks keep on coming, the market is currently in that mode, so one should not get into that too much of in a buy mode.