Stock update: ICICI Bank(Positional call)

About ICICI Bank:

ICICI Bank is India's largest private sector bank with total assets of Rs. 5,946.42 billion (US$ 99 billion) at March 31, 2014 and profit after tax Rs. 98.10 billion (US$ 1,637 million) for the year ended March 31, 2014.ICICI Bank currently has a network of 4,050 Branches and 12,642 ATM's across India. ICICI Bank is India's largest private sector bank with total assets of Rs. 5,946.42 billion (US$ 99 billion) at March 31, 2014 and profit after tax Rs. 98.10 billion (US$ 1,637 million) for the year ended March 31, 2014.ICICI Bank currently has a network of 4,050 Branches and 12,642 ATM's across India.

ICICI Bank provides a wide array of banking products and financial services to its retail and corporate customers. It has a wide variety of delivery channels and specialized affiliates and subsidiaries that ensure the flow of its offerings in the areas like investment banking, venture capital, life and non-life insurance and asset management. This bank is also India's largest credit card issuer. The equity share of ICICI Bank is listed on various stock exchanges like NSE, BSE, Kolkata Stock Exchange and Vadodara Stock Exchange etc. Its AD are also listed on the New York Stock 

Exchange .

BSE Code For this stock is 532174 and the NSE Code is ICICIBANK.

Latest announcement:

ICICI Bank Ltd has informed BSE that the Bank has allotted 523,100 equity shares of face value of Rs. 2/- each on May 11, 2015 under the Employees Stock Option Scheme, 2000 (ESOS).

ICICI Bank Investment today sold over 90.89 lakh shares in software solutions provider 3i InfotechBSE -9.90 % for Rs 3.59 crore through an open market transaction. According to bulk deal data available with the NSE, ICICI Bank (Investment) sold 90.89 lakh shares of 3i Infotech.
The shares were sold at an average price of Rs 3.95 apiece, valuing the transaction at Rs 3.59 crore.

Expected movement for this Month:

Buy:

ICICI Bank was last traded at Rs 317.45, up 2.88%. It is one of the biggest bank in India and good stock invest our money too. we can buy ICICI bank at current market price (317). We can buy this stock when ICICI Equity crosses 318.72 level. so my first target is 324.70 and second target is 326.20 (You can exit at this level). Finally my exit target for this month Buy is 329.

Please buy ICICI bank future  when ICICI bank equity crosses 318 level. Target is 326.

Short:

According to last month high and low, we can short this stock when it crosses 312.80.
 So my first target is 306.93, second target is 305.67 and exit target for short is 304.we can short the ICICI bank future at 312 level. Please find the below table.