Go long in ICICI Bank, says Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Broker told CNBC-TV18, "ICICI Bank has been consolidating for last four weeks between this Rs 357 to almost Rs 338 on downside. We have observed a very strong buying momentum in most of the private sector banks and so ICICI Bank. This time can cross its all time high which is around Rs 367 kind of levels and can target somewhere around Rs 375-380 levels. So, at current levels we are recommending a long with a small stoploss of Rs 350 for an upside target of Rs 375-380 levels."

At 13:23 hrs ICICI Bank was quoting at Rs 352.60, up Rs 1.80, or 0.51 percent.

Disclosure: Analyst doesn't have positions in the above stock. However he has recommend to his clients.