Don't buy ICICI Bank: Sukhani

Published on Fri, Oct 03, 2008 at 14:49 |  Source : CNBC-TV18

Updated at Fri, Oct 03, 2008 at 16:40  

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Sudarshan Sukhani, Technical Analyst, .

Excerpts from Markets Midday on CNBC-TV18 Watch the full show ยป

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Technical Analyst, Sudarshan Sukhani is of the view that one shouldn't buy ICICI Bank .

Sukhani told CNBC-TV18, "There is no support in Reliance and obviously we can have different views. So it is like the Nifty, it will stop wherever it wants, I wouldn't bank on buying at Rs 1,740 that's what it means."
 
He further added, "ICICI Bank is now getting into an area where it gets ready for a very sharp upside bounce. So you don't buy it now but investors and traders need to watch it carefully for any sign of strength."
 
" Bharti remains in a trading range, it's a 5% cut but it is still inside a range. It is not going to go much lower; it is not going to go higher either. So it's not a trading opportunity."

Disclosure: Analyst doesn't hold the above stocks.

  

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