Hemant Thukral of Aditya Birla Money told CNBC-TV18, "We still feel that Larsen and Toubro (L&T) is under pressure. Yesterday, we saw another 5 percent shorts been added up. More importantly for us, it broke below Rs 1,410 and we saw unwinding in 1,400 Put writing positions. So, clearly the pressure can be felt on L&T. Even if there is a slight uptick today with the opening, I think we should go short. Keep a stop loss of Rs 1,420; we expect it to test the next strong support which is around Rs 1,335-1,330 zones. So, I think L&T will continue to underperform." "I think ICICI Bank was the only bank which saw yesterday long positions adding up. I think clearly people are expecting good results and the way the Put writers are placing their positions now at Rs 270, very aggressive Put writing was seen yesterday, I don't see ICICI Bank slipping too much below Rs 270. Yes, the challenge would be to cross Rs 290-300 zone because I am seeing the aggressive Call writing there. So, for me, immediate target in ICICI Bank should be around Rs 289-290," he said.
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