ICICI Bank is presenting an interesting picture in the banking space. It appears that big punters are putting all their might and resources in their command to keep the price above the important support at Rs.200. But the big question is, whether the break-down will happen and when? The momentum indicators & the short-term chart formation indicate that further downside can be expected in the stock. Therefore, it may be worth to keep a close

watch on the stock and any intraday correction will be a first sign that the stranglehold of big punters is going to give way. A close below Rs.200 will see the stock catapulting to the next support at Rs.150. But, any pull back can take the price to Rs.220 where the Stop Loss should be placed.