Buy ICICI Bank: CK Narayan
Post results the market itself has given a verdict and it is not just ICICI Bank which is perking up.
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| Updated: CK Narayan, Growth Avenues Asset Advisors, talks to ET Now on ICICI Bank.
What is the call on ICICI Bank?
Post results the market itself has given a verdict and it is not just ICICI Bank which is perking up. The good results in this large size bank has managed to perk up the rest of the sector as well and you are seeing a flurry of set of buying in most of the banking counters. So ICICI should probably continue. 930 levels is where you could probably look at some resistance. Not only ICICI Bank but rest of the banks should follow on the way because the Bank Nifty itself has one of the higher levels to complete yet. So the whole of the banking pack will be enervated by the results in ICICI Bank. Individually it can reach about 925 to 930.
What is the call on ICICI Bank?
Post results the market itself has given a verdict and it is not just ICICI Bank which is perking up. The good results in this large size bank has managed to perk up the rest of the sector as well and you are seeing a flurry of set of buying in most of the banking counters. So ICICI should probably continue. 930 levels is where you could probably look at some resistance. Not only ICICI Bank but rest of the banks should follow on the way because the Bank Nifty itself has one of the higher levels to complete yet. So the whole of the banking pack will be enervated by the results in ICICI Bank. Individually it can reach about 925 to 930.
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