New strategies: ICICIBANK and IFCI

Most of the trades so far were good and strategies generated descent profit.

ICICIBANK
ICICIBANK is in down trend, but now near bottom. Stock could see 345 level again very soon.
Sell ICICIBANK 320 PUT around 11
But if stock goes in other direction keep safety belt ready. Buy 300 PUT around 3.40-3.80.
Maximum profit potential around 9000/- and loss could be around 15000-16000.

IFCI:
It gave strong green candle with good volume.
Bull spread strategy.
Buy 35 CALL of IFCI around 1.20 and Sell 37.50 CALL of IFCI around 0.40
Maximum profit could be about 14000/- and loss could be around 6000/-

In short trends could be as follows:

1. Sell ICICIBANK 320 PUT around 11.
2. Buy ICICIBANK 300 PUT around 3.40-3.80
3. Buy 35 CALL of IFCI around 1.20
4. Sell 37.50 CALL of IFCI around 0.40

After entering in to all the trades best part is there should be about Rs. 2800-3000 credit balance in your account. We should hope, trade goes in desired direction to increase credit balance every day!!
Please note maximum profit in these trades could be 23000-24000 and maximum loss could be around 19000/-

Disclaimer: This blog does not take any responsibility of your profit/loss.