ICICI Bank has support at Rs 795-800: A Jain

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ICICI Bank has support at Rs 795-800: A Jain

Anu Jain of Omniscient Securities is of the view that ICICI Bank has support at Rs 795-800.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about ICICI Bank See messages about ICICI Bank ICICI Bank BSE | NSE 28/05/12 Are Mutual Funds betting on ICICI Bank?

Anu Jain of Omniscient Securities is of the view that ICICI Bank has support at Rs 795-800.

Jain told CNBC-TV18, "ICICI Bank is not showing that it has bottomed out and there is some scope that it can really go down to about 4-5% more and despite other banks like SBI giving positive impetuous in the last 2 days. ICICI Bank has got support closer to Rs 795-800 levels, so it can test those levels as well. I expected to consolidate it at Rs 800 or sub Rs 800 levels."

Disclosure: Analyst doesn't hold the above stock.