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Published on 11/07/2019 11:06:37 AM | Source: Religare Securities Ltd

Options strategy ICICI Bank Limited By Religare Securities

Posted in Broking Firm Views - Short Term Report| #ICICI Bank #Banking Sector #Trading Report #Religare Securities Ltd

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ICICI Bank Limited (ICICIBANK)

Though ICICIBANK is hovering around its record high but candlestick formation is pointing towards strong possibility of profit taking in near future. The chart pattern of the banking index is also adding to the negativity. We thus advise traders to use this chance and initiate fresh shorts through Put option.

 

Recommendation

BUY ICICI Bank Limited 430 PE   @ 6-7 Stoploss 3 Target 14 CMP 8.45

 

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