Ashwani Gujral of ashwanigujral.com is of the view that one can short ICICI Bank and buy Lloyd Electric.
"For the moment UltraTech Cement is a sell with a stop loss of Rs 4,020, target of Rs 3,900. DLF is also a sell with a stop loss of Rs 152, target of Rs 140 and Lloyd Electric is a buy with a stop loss of Rs 283, target of Rs 298."
At 13:56 hrs ICICI Bank was quoting at Rs 257.60, up Rs 15.75, or 6.51 percent. It has touched an intraday high of Rs 259.55 and an intraday low of Rs 244.00.