Short ICICI Bank: Jitender Kumar

Jitender Kumar of SBICap Securities told CNBC-TV18, "ICICI Bank is a good short call. It broke on Rs 1,220 levels. The breakout did not sustain given the high volatility and high pressure in the market. So, I feel ICICI Bank is a good short from here and I am looking a target of Rs 1,100, which was a base for this rally."

ICICI Bank closed at Rs 1,173.45, down Rs 36.65, or 3.03 percent. It has touched an intraday high of Rs 1,205.85 and an intraday low of Rs 1,161.90. The share touched its 52-week high Rs 1,234.00 and 52-week low Rs 794.80 on 21 May, 2013 and 04 June, 2012, respectively. Currently, it is trading 4.91 percent below its 52-week high and 47.64 percent above its 52-week low. Market capitalisation stands at Rs 135,388.85 crore.