Yes its possible to cover aurangabad in two days and the places to visit a must are :
- Ajanta Caves
- Ellora caves
-Bibi Ka maqbara
and yes on mondays; ellora/ajanta caves are closed, so plan accordingly.
u can visit Ajanta and Ellora caves in 2 days... things to be noted are they are closed on monday.
and please start your trip early in the morning so that you won't face the problem of heat of sun.
do visit bibi-ka-makbara
if you are shopoholic, visit prozone mall (biggest in Aurangabad)...
Ellora if to be toured fully needs one full day and the same applies for Ajanta. If you are planning for Aurangabad then keep 2 days for Ajanta and Ellora but do keep 1 day for the Daulatabad fort which is mesmerizing.