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ICICI Bank

Discussion in 'Technical Analysis' started by amitmanel, Sep 12, 2012.

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  1. amitmanel

    amitmanel New Member

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    Hello Sir,

    Any Clues How would icici bank would progress this month . I made a big mistake of buying a put call of Sep. Any chances if icici bank would decline this month .


    Regards
    Amit
     
    amitmanel, Sep 12, 2012
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  2. sujan4bw

    sujan4bw Member

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    Hi Amit,

    Above 970 - 980 will have an uptrend. currently stock is trading at 955.

    at what strike price you purchased put. Is it Out of or At the money put ?

    Regards
    Sujan
     
    sujan4bw, Sep 12, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    There are chances that it will go down but 980 should be your stop.
     
    shabbir, Sep 12, 2012
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  4. amitmanel

    amitmanel New Member

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    Thanks , Team for the replay , I have taken icici put value at
    OPT-ICIBAN-27-Sep-2012-900-PE . I am presently at loss and had bought 1000 lot at put value of 5 it is trading at 4.55 . Wanted to know the downtrend of icici bank when would it be expected .
     
    amitmanel, Sep 12, 2012
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  5. tarak_desai

    tarak_desai New Member

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    On the side-notes, Shabbir please write an article when you have time on Futures and options :)

    Would be helpful for newbies like us.
     
    tarak_desai, Sep 12, 2012
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  6. sujan4bw

    sujan4bw Member

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    Hi Amit,

    If you are sure of the trend and capable of taking risk than play In-the-money (or) At the money options.

    If you are not sure of the trend and want to take position with limited risk than you can play with Out-of-money options.

    Out of the money option's premium will be less when compare with In or At of the money options.

    If you would have taken position on out of in present situation, you can always counter with opposite option.

    If i had choosen ICICI, would have take position in 860 PE with premium of 1.60

    Regards
    Sujan
     
    sujan4bw, Sep 12, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    What information you want about FnO and will be more than happy to write about it.
     
    shabbir, Sep 12, 2012
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  8. sachinmore08

    sachinmore08 New Member

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    Is it good to buy on monday with CMP if closes above 1000 today ?
     
    sachinmore08, Sep 14, 2012
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  9. sachinmore08

    sachinmore08 New Member

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    Hi..does this apply for Call options too ?
     
    sachinmore08, Sep 14, 2012
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  10. sujan4bw

    sujan4bw Member

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    yes it does apply to CE as well. Today there is gap up in ICICI so would be better not to take position today.

    If same trend continues next week then you can think off.
     
    Last edited: Sep 14, 2012
    sujan4bw, Sep 14, 2012
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