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

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