Gaurav Bissa of LKP Securities told CNBC-TV18, "ICICI Bank has broken its 52-week low. It is forming fresh shorts even at these levels. Out of the money Put options are getting quite active, so I feel going ahead we might see levels of Rs 235-230 in coming days. I would recommend going short in ICICI Bank for targets of Rs 235. One can have a small stop loss of Rs 250."
At 13:36 hrs ICICI Bank was quoting at Rs 245.50, down Rs 3.45, or 1.39 percent. It has touched a 52-week low of Rs 242.95.
