Positive on ICICI Bank: Rajat Bose
ICICI
Bank is already testing its support levels and from support levels close to
about 1010 to 990, it is a major support area for that.
ICICI
Bank is already testing its support levels and from support levels close to
about 1010 to 990, it is a major support area for that.
By 
| Updated:
| Updated: Rajat Bose, rajatkbose.com, talks to ET Now on ICICI Bank.
ET Now: What is the call on ICICI Bank?
Rajat Bose: ICICI Bank is already testing its support levels and from support levels close to about 1010 to 990, it is a major support area for that. And again below that, it has got strong support between 960 and 950. I would say that I am quite positive on this and it is likely to post a bounce. Even if it does not move up in the short run over a period of one year, I am looking at a target of 1150 to about 1240. And I am still quite positive on that unlike the PSU banks. Maybe Allahabad Bank is a different case altogether but others are not looking that great.
ET Now: What is the call on ICICI Bank?
Rajat Bose: ICICI Bank is already testing its support levels and from support levels close to about 1010 to 990, it is a major support area for that. And again below that, it has got strong support between 960 and 950. I would say that I am quite positive on this and it is likely to post a bounce. Even if it does not move up in the short run over a period of one year, I am looking at a target of 1150 to about 1240. And I am still quite positive on that unlike the PSU banks. Maybe Allahabad Bank is a different case altogether but others are not looking that great.
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