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Short

ICICI BANK A Strong Reason to Short

NSE:ICICIBANK   ICICI BANK
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10
ICICI Bank closed at the top of trend line .It also a double top .Last time its down trend started from here touched to Rs .180 from where the trend reversed.
The bank’s gross non-performing assets (NPAs) more than doubled to Rs32,178.60 crore in the three months ended 30 September from Rs15,857 crore a year ago. Gross NPAs made up 6.82% of the bank’s loan book, compared to 5.87% in the previous quarter and 3.77% in the year-ago quarter.Net profit growth to an anemic 2.37%.
Comment: Icici bank positional Short.
Comment: A minor support at 265 .option traders can exit here,As option expiry is near by .
Comment: trying to hold 100 ma a sign of short term bounce.exit trade .hope every body enjoyed the un interrupted profit if yes please give a like

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