ITC may move higher: Siddarth Bhamre

Siddarth Bhamre of Angel Broking told CNBC-TV18, "There are only three to four stocks which generally tend to move market for expiry which is Reliance Industries which has already moved and also HDFC and ITC. If I see sub Rs 320 levels or around Rs 320 levels, for intraday, for half an hour, ITC can show some bounce. Do not expect huge volatility but ITC is one stock which I am looking to show some good move on the upside."

On Thursday, ITC closed at Rs 322.25, down Rs 5.95, or 1.81 percent. It has touched an intraday high of Rs 328.30 and an intraday low of Rs 321.35.

Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.