Icici
BANK NIFTY SETUP, STOP LOSS ,LEVELS & option strategy ! looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high.
yes bank may consolidATE as like axis bank .
Indusind will approAch new LTH .
and sooner or later hdfc will come into picture to keep the show GO ON !
Bearish on ICICI BANK for target of 270We can see on a 30 minutes chart that a range of 293-283 has been broken. The range was intact since 10 days approx. ICICI on daily chart is also bearish. So i recommend shorting ICICI BANK @280-285 with STOP LOSS of 293. Target 270.
Though the risk reward ratio is less but i will still short because of the weakness in the counter.
Good Luck guys .
i c i c i ------Let's ALL c (April month strategy)Hi All ,
No naked put /call /buy /sell
Lot size 2750 (Risk is 30% of premium i.e 7*2750=19250), so if you have 2 lakh capital than take it or its not for you.
Buy Apr 280 call @ 13.5
Buy Apr 280 put @ 7.5
Try to buy As close as possible to 280 so wait patiently , If price goes to 290 than you try to buy 290 put /call pair@ 21
Remember to buy as close to strike price.
Targets mentioned on chart , we will review this trade by 10 April and second review by 17 april , So till than let it run ,
If before 10 April it shows good profit (3/4 rs) we will book out .
See our investment would be 21 rs , So if we get 3/4 rs profit we will get out ,
Don't expect million rs in 1 trade , it will never happen .
Consult your financial adviser before taking trade , options are risky