Sudarshan Sukhani of s2analytics.com share his view on ICICI Bank .
Sukhani told CNBC-TV18, "The banks are leading and they will continue to lead, so to that extent without knowing exactly what the RBI is going to do, it's wise to go, stay with the banks and ICICI Bank is an outperformer and momentum is very strong on the upside. So even prior to the event and after the event if things are not depressing this bank will outperform."
He further added, " Exide after having stayed at very decent rally from sub-100 levels; Rs 98 to Rs 125 is now has yesterday confirmed a large double bottom, which means it went to Rs 99, went up, again went to Rs 99 and has crossed Rs 125 threshold. This is a major bullish pattern but it's not going to run away in a day. But yesterday's breakout tells us in the short-term there is more upside because double bottom doesn't just get fizzled out in a day and in an intermediate term the targets are now Rs 150 to Rs 160, so position trader could take a position on the long side."
Disclosure: I have no personal holding in the above stocks.
