As per view of technical analysts, the Banking Major ICICI Bank is good for intraday trading. Traders can buy ICICI Bank at current market price of Rs. 1,212.90 with the currently higher by Rs 12.20 compared to yesterday’s close. The stock can be bought with a strict stop loss of Rs1180. The intraday target for ICICI counter is Rs 1220-1240.

The stock has touched an intraday high of 1,230 and a low of Rs.1,203. The stock is trading at a P/E of 38.40 at current market price. Based on the current results, the stock offers an earning per share of Rs.31.59.

ICICI Bank Ltd recently announced that the bank has allotted 18,724 equity shares of face value of Rs.10/- each on December 03, 2007 under the Employees Stock Option Scheme, 2000 (ESOS). ICICI Bank has recently touched its yearly highs and the bank has become the largest private sector bank in terms of valuations.

On NSE, the stock has touched 52 week high of 1,349 and a low of Rs 575.