Expect 4-5% upmove in ICICI Bank: Anu Jain

Anu Jain, Director of Equities at IIFL Private Wealth Management expects 4-5percent upmove in ICICI Bank. The stock has good support at about Rs 1100-1103, she adds.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Stocks Views

Feb 18, 2013, 01.33 PM | Source: CNBC-TV18

Expect 4-5% upmove in ICICI Bank: Anu Jain

Anu Jain, Director of Equities at IIFL Private Wealth Management expects 4-5percent upmove in ICICI Bank. The stock has good support at about Rs 1100-1103, she adds.

Like this story, share it with millions of investors on M3

Expect 4-5% upmove in ICICI Bank: Anu Jain

Anu Jain, Director of Equities at IIFL Private Wealth Management expects 4-5percent upmove in ICICI Bank. The stock has good support at about Rs 1100-1103, she adds.

Post Your Comments

Share Cancel

Anu Jain (more)

Sr VP, IIFL Private Wealth Management | Capital Expertise: Equity - Technical

Anu Jain, Director of Equities at IIFL Private Wealth Management expects 4-5percent upmove in ICICI Bank. The stock has good support at about Rs 1100-1103, she adds.
 
Jain told CNBC-TV18, “ ICICI Bank is definitely looking oversold. It has corrected from almost Rs 1200 to about Rs 1120 level. If you look at for a longer period of time, Rs 1093 is a very good support. If you are looking from the trading perspective then about Rs 1100-1103 is a good support. Given the fact that it has corrected a lot I think there is a chance for a pullback for at least Rs 1150-1160 being optimistic. So about 4-5 percent trading bounce is definitely possible on it. So I would probably play that.”
 
“Overall otherwise Bank Nifty as such is not really giving a signal which is playable at the moment. It was one of the first ones which gave a breakdown but currently at about 12336 it is not giving that it is oversold or that there is any fresh action coming into it. So we will have to take on to individual stocks. HDFC Bank is giving a buy signal, IndusInd Bank is giving a buy signal and Karnataka Bank is showing that it is probably oversold, can give a bounce to about Rs 166. It is safer right now that even if you want to trade the Bank Nifty it makes sense to stick to ICICI or HDFC Bank,” Jain added.
Buy, Hold, Sell ? Hear it first on M3
Expect 4-5% upmove in ICICI Bank: Anu Jain

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login