SENSEX NIFTY
Mar 22, 2013, 10.53 AM IST | Source: CNBC-TV18

Sell ICICI Bank on rally: Sudarshan Sukhani

One can sell ICICI Bank on rally, says Sudarshan Sukhani of s2analytics.com.

One can sell ICICI Bank on rally, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "ICICI Bank is a short sell. It does not mean to sell today because one has to look for a rally to sell this. It has fallen and made new lows yesterday. However, the trade is still on the short side. An immediate target if Rs 980 for an intraday trader but it is about Rs 900 for somebody who is willing to carry a position.”

He further added, “Private sector banks are still holding out but we have already discussed the signs of distribution are clear, so ICICI is going to lead on the way down.”

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