Sep 06, 2013 05:40 PM IST | Source: CNBC-TV18

Buy ICICI Bank Rs 1,000: Shardul Kulkarni

Shardul Kulkarni of Angel Broking recommends buying ICICI Bank on decline with a target of Rs 1,000.

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Banking has been attracting money in the last two trading sessions. I think this rally in ICICI Bank can extend up to four digits. So Rs 1,000 would be my target price in case of ICICI Bank. If one looks at the weekly chart, the stock was at a very strong support of Rs 767-770 and this bounce can continue over the next couple of trading days."

"There would be a small correction and should be looked at from a buying opportunity perspective and not a trend reversal. I would look at buying the stock on any decline with a  minimum target of Rs 1,000," he said.

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