Buy ICICI Bank 840 Call and sell 880 Call: Motilal Oswal

Parikh told CNBC-TV18, “ICICI Bank is giving some positive movement. The stock yesterday gave a move up above its 200 day moving average at Rs 840 with volumes and doing a slightly cautious bullish spread, I am doing a call ladder. What we can do is that buy 840 call and at the same time sell 16 Rs 880 call. So probably I am looking at a range of Rs 840-860 probable area where it can buy the expiry and on the higher side, Rs 880-900 is a very difficult resistance zone and here by doing a ladder, we are restricting our outflow in the strategy, which is around 5 points in the case.”