ICICI Bank: Chart set up and trading strategy

ICICI Bank

The stock is trading near resistance at 936-944 zone

Given the set up, one may consider a Bear Call Spread strategy for December series

Sell 940 Call option (currently around 13.4 &
Buy 960 Call option currently around 6.1

The strategy has a max profit potential of approximately Rs 10037.5/- per strategy and a yield potential of approximately 13.5% on Margin

Take care & safe trading...!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be