Siddharth Bhamre of Angel Broking told CNBC-TV18, "State Bank of India (SBI) and some of the PSU names looking range bound but are on the higher side of the range and ICICI Bank is looking weak, can be shorted at current level."
At 09:49 hrs ICICI Bank was quoting at Rs 346.70, down Rs 2.15, or 0.62 percent.
The share touched its 52-week high Rs 393.30 and 52-week low Rs 210.12 on 28 January, 2015 and 03 March, 2014, respectively.
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