F&O Technique: Nandish Shah Recommends Bull Unfold on ICICI Financial institution

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HDFC Securities Technical Analyst recommends ICICI Financial institution 740 Name as purchase in addition to promote 760 Name for June finish.

F&O Methods | market tendencies | market expertise

Nandish Shah |

Bull Unfold Technique on ICICI Financial institution

Purchase ICICI Financial institution (30-June Expiry) 740 Name at Rs 20.5 in addition to Promote 760 Name at Rs 12.5

lot measurement 1,375

Technique value Rs 8 (Rs 11,000 per technique)

Most revenue Rs 16,500 if ICICI Financial institution closes at 760 or extra on the finish of June 30.

Break Even Level Rs 748


  • We’ve seen lengthy rollovers in ICICI Financial institution futures, the place we’ve got seen a 22 per cent improve in Open Curiosity (PROV), with ICICI Financial institution up 2.5 per cent.
  • ICICI Financial institution’s brief and medium time period development turned optimistic as it’s buying and selling above its 20 and 200 day EMA.
  • ICICI Financial institution June Futures has damaged out of a downward sloping development line with increased ranges of 19-Apr and 29-Apr 2022.
  • Momentum oscillators like RSI(11) and MFI(10) are trending upwards and are situated close to 60, indicating power within the present uptrend.

Disclaimer: Nandish Shah is a Technical Analysis Analyst at HDFC Securities. He doesn’t maintain any place within the inventory. Ideas are private.

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First revealed: Fri, 27 Could 2022. 07:42 IST

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