We 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 .
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...