Here is a Bull Spread Strategy on ICICI Bank by HDFC Securities

The short-term trend of the stock is positive as stock price is trading above its 5 and 10-day EMA

Bull spread Strategy on ICICI BANK
 

Buy ICICI BANK APRIL 580 CALL at Rs 14.6 & simultaneously sell 600 CALL at Rs 7.6

Lot Size: 1,375

Cost of the strategy: Rs 7 (Rs 9625 per strategy)

Maximum profit: Rs 17,875 if ICICI BANK closes at or above 600 on 29 April expiry.

Breakeven Point: Rs 587

Rationale:

Long build up is seen in the ICICI Bank Futures’ where we have seen 6 per cent (Prov) rise in the Open Interest with price rising by 2 per cent

The stock price has given bullish breakout from the downward slopping trendline adjoining the