Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
Last Updated : Dec 24, 2014 05:08 PM IST | Source: CNBC-TV18

Short ICICI Bank, Axis Bank: Siddharth Bhamre

Siddharth Bhamre of Angel Broking is of the view that one may short ICICI Bank and Axis Bank.

Siddharth Bhamre of Angel Broking told CNBC-TV18, "HDFC and HDFC Bank are showing strength whereas we are seeing that ICICI Bank, Axis Bank are exhausting at higher levels. So shorting ICICI BankAxis Bank is advisable."

"HDFC Bank has a good weightage in bank Nifty. So, either you form a pair where you go long in HDFC Bank and short ICICI, Axis or you go short in ICICI, Axis and long bank Nifty. However, a clear trade in bank Nifty is not emerging for us. So, our biasness remains negative and that is the reason we want to go long in bank Nifty as well," he added.

First Published on Dec 24, 2014 04:24 pm