BUY ICICIBANK FUT 2 LOTS ABOVE 819.20 TARGET 827.5/832.20 SL 809.20
SELL ICICIBANK FUT 2 LOTS BELOW 800.40 TARGET 792.4/797 SL 810
Today ICICI Bank shares were quoting at Rs 807.35
apiece, down 2.15%. The stock touched today an intraday high of Rs 820 apiece
and an intraday low of Rs 803 apiece. In the previous trading session, ICICI
Bank shares closed down at Rs 823.35. The stock touched its 52-week high Rs
859.70 and 52-week low Rs 512.10 on 25 October and 28 January, 2021,
respectively. Currently, it is trading 6% below its 52-week high.On 22 Jan stock will announce quarterly results & we expect 25% rally in ICICI Bank
in next week.
ICICI Bank share price has been the best
performer in the banking sector as it delivered 80%. The stock is likely to
rally further on the back of strong industry position, robust digital expansion
and steady asset quality. While the stock has corrected nearly 2% in the past
five days, it has rallied over 13% in a month, and over 22.8% in the last six
months. ICICI Bank share price has surged more than 230% in the last five years.
Important levels for 20/01/2022
SUPPORT: 804,796,779
RESISTANCE: 822,831,849
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