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Buy ICICI Bank, says Rajat Bose

Rajat Bose of rajatkbose.com advises buying ICICI Bank.

December 21, 2015 / 11:56 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "So long as ICICI Bank stays above Rs 255-256 it remains a buy with a stoploss below Rs 253. Maybe the target could be say something like Rs 260-263 on the upside. The stock would be the key driver for Bank Nifty."He further added, "My feeling is that Axis is actually trying to scale up but whether it will be successful today also? On Friday it staged a rally Rs 440.80. It actually triggered my stoploss and then failed all the way down to Rs 432 again. Similar kind of scenario might well pan out in this particular counter. So, I am not particularly enthused by Axis Bank.""On the contrary, I would say that Dewan Housing Finance Corporation is one stock that looks – there is a possibility that it might even scale up to Rs 235 and today’s low of Rs 229.50 can be used to go for a buy here," he said.

first published: Dec 21, 2015 11:56 am

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