ICICI Bank ( BULLS Vs BEAR ) Daily Chart As per daily chart in ICICI BANK Bears phase cycle is on swing with the negative impact of both Fundamentally on sector wise and as well as Technically. But as Fight Continue from Swing high of 307 Bears Attacked on Bulls with Three Consecutive Drag down Round upto 295 levels and Bears have More Power to Beat Bulls to the level 276.50 and more below 262 Levels as Gaps can be Closed below that LEVEL
Please Like, Comment and Share your Views
Thank you GOD Bless You
Sachin Ghodke
Options-strategy
Option Strategy before budget & quarterly result.Auro Pharma has announced 07.02.18 for results and the budget is on 01.02.18 so one can avoid the risk of volatility. The price has already moved down by 10% in last month. In this situation one can try the following strategy :
2/1 ratio call spread and put spread:
a. Buy 660 call 2 lots 14 to 17 range (Current-Price 15.20)
b. Sell 640 call 1 lot 21 to 26 range (Current-Price 22.30)
c. Buy 600 put 2 lots 14 to 17 range (Current-Price 15.15)
d. Sell 620 put 1 lot 21 to 26 range (Current-Price 22.65)
Max loss In the range of 2700 to 7500 if price consolidate 660 to 600 band post result
Profit 11000 to 18000 if price move above 706 or 555 post result
One should hold it for 10 working days or post result
IDEA - Strangle Option StrategyCMP - 100
This is a direction-neutral strategy. I used it previously too. ( see in related idea )
Here I am buying,
95 PE - 3.5
105 CE - 3.5
Why ? Because it has moved a lot and I am expecting it to move further.
Caution : Experts do due diligence. New traders can look into this and paper-trade.