Stock picks by Nilesh Jain of Anand Rathi: Buy Britannia, sell ICICI Bank

The stock of ICICI Bank has breached its major rising channel on the downside and also provided breakdown from its double top pattern on the daily chart

SELL NIFTY | TARGET; 9,100 | STOP LOSS: 9,400

Nifty is finding difficult to sustain above 9,400 levels which is acting as a major hurdle. It has also provided breakdown from a rising channel on the hourly chart. The momentum indicator RSI has also slipped below 50 levels shows that Nifty is losing the strength and we may see some selling pressure towards 9100 levels. We are expecting consolidation in the broader range of 9000-9400.

SELL BPCL | TARGET: 285 | STOP LOSS: 332

The stock is making a lower top and lower bottom formation on the daily chart. It looks like that