Saturday 20 September 2008

ICICI Bank can rally upto Rs 625-630: Gujral

Technical Analyst, Ashwani Gujral is of the view that ICICI Bank can rally upto Rs 625-630.
Gujral told CNBC-TV18, "ICICI Bank hits a key support zone between Rs 500-550. The stock when it falls 10% on rumours of management selling, that is probably a good time to buy into that. It was at Rs 700 just seven days back. So, I think you could see a rally right up to Rs 625-630."
He further added, "Ranbaxy has seen a lot of bad news. Even Rs 350-360 is a good level from a medium-term perspective. It will take some time to recover. But you could get resistance around Rs 425-430."

MoneyControl

Posted by Harsh at 08:19

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.