ICICI Bank Future and Option Prediction for Tomorrow 1 June 2026: Key Levels and Strategy

The icici bank future and option prediction for tomorrow on 1 June 2026 is bearish, based on ICICI Bank closing at Rs 1,255 on 29 May 2026 (-1.39%). GIFT Nifty at 23,860.0 (+201.5 pts, +0.85%) signals a positive gap-up for Indian markets on 1 June. Nifty 50 closed at 23,649.95 on 29 May 2026, supported by a 3.2 per cent Nifty IT rally. FII net selling of Rs 21,105.86 crore on 29 May 2026 and below-normal monsoon concerns are the key risk factors for the icici bank future and option prediction for tomorrow.

Click Here – Get Free Investment Predictions

ICICI Bank Share Price Recap on 29 May 2026

CMP (29 May 2026 Close): Rs 1,255 (-1.39%)

Sector: Private Banking | 52W High: Rs 1,590 | 52W Low: Rs 1,018 | Lot Size: 350

ICICI Bank declined 1.39 per cent on 29 May as FII selling of Rs 21,105 crore hit the banking sector. As the largest-weight private bank in Nifty IT’s absence from the losses, ICICI Bank bore a meaningful share of the index selloff.

ICICI Bank Futures Prediction for Tomorrow 1 June 2026

Futures Trend: Bearish

Futures Price (Approx): Rs 1,256

Support 1: Rs 1,238 | Support 2: Rs 1,220

Resistance 1: Rs 1,278 | Resistance 2: Rs 1,300

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the ICICI Bank future and option prediction for tomorrow places Rs 1,238 as the critical immediate support for the 1 June session. With GIFT Nifty indicating a gap-up open of 201.5 points, the early session direction will be pivotal. Jaiswal flags Rs 1,278 as the first resistance level. A gap-up open above Rs 1,238 that sustains in the first 15-minute candle confirms the bearish continuation for ICICI Bank futures on 1 June 2026.

ICICI Bank Options Analysis for 1 June 2026

PCR: 0.81 | Max Call OI: Rs 1,280 strike | Max Put OI: Rs 1,240 strike

Kunal Singla, Associate Director at Univest, observes that the ICICI Bank options chain shows maximum call OI at Rs 1,280 and maximum put OI at Rs 1,240. The PCR of 0.81 reflects cautious positioning with call OI exceeding put OI. On the gap-up open driven by GIFT Nifty at +201.5 points, Singla suggests watching Rs 1,240 as the intraday support floor for options-based positioning in ICICI Bank on 1 June.

Key Triggers for ICICI Bank on 1 June 2026

• GIFT Nifty Gap-Up (+201.5 pts): The positive pre-market signal sets a constructive base for ICICI Bank futures on 1 June.
• FII flow direction in banking sector on 1 June: Primary sector-specific catalyst for ICICI Bank direction on 1 June 2026.
• Retail credit growth and asset quality: Secondary trigger to watch in the first half of the session.
• FII Flow Reversal: FII selling of Rs 21,105.86 crore on 29 May 2026 resets on 1 June as a new month begins. Positive FII flow would accelerate bearish momentum in ICICI Bank.

Trading Strategy for ICICI Bank Futures and Options on 1 June 2026

1. Gap-Up Confirmation: Wait for the first 15-minute candle above Rs 1,238 before entering ICICI Bank futures. Do not chase the gap-up open.

2. Bull Setup: If ICICI Bank holds above Rs 1,238 and breaks Rs 1,278 on volume, the futures target is Rs 1,300 for the session.

3. Bear Setup: A break below Rs 1,220 on sustained selling confirms a bearish reversal. Exit longs and avoid buying on the dip below this level.

4. Options Strategy: With PCR at 0.81, consider defined-risk spreads for the 1 June session. Naked options carry elevated risk on a gap-up expiry week open.

Download the Univest iOS App or Univest Android App for daily expert predictions and live market data.

Conclusion

The ICICI Bank future and option prediction for tomorrow 1 June 2026 is bearish, with key support at Rs 1,238 and resistance at Rs 1,278. ICICI Bank closed at Rs 1,255 on 29 May 2026 (-1.39%). GIFT Nifty at +201.5 points provides a positive gap-up backdrop. Ankit Jaiswal of Univest places Rs 1,238 as the session support and Kunal Singla of Univest flags Rs 1,280 call OI as the resistance ceiling. All ICICI Bank future and option prediction for tomorrow levels are educational analysis only. Consult a SEBI-registered advisor before trading.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions

What is the ICICI Bank future and option prediction for tomorrow 1 June 2026?

Ans. The ICICI Bank future and option prediction for tomorrow is bearish. CMP is Rs 1,255 (-1.39% on 29 May 2026). Support is at Rs 1,238 and resistance at Rs 1,278. GIFT Nifty at +201.5 points signals a positive gap-up open. PCR for ICICI Bank options is 0.81 with max call OI at Rs 1,280.

What is the support level for ICICI Bank futures on 1 June 2026?

Ans. Support levels for ICICI Bank futures on 1 June 2026 are Rs 1,238 (immediate) and Rs 1,220 (secondary). Ankit Jaiswal of Univest identifies Rs 1,238 as the make-or-break level for the ICICI Bank future and option prediction for tomorrow.

What is the resistance level for ICICI Bank on 1 June 2026?

Ans. Resistance for ICICI Bank on 1 June 2026 is Rs 1,278 (immediate) and Rs 1,300 (next resistance). Maximum call OI at Rs 1,280 acts as the upper boundary for the ICICI Bank future and option prediction for tomorrow.

What is the PCR for ICICI Bank options on 1 June 2026?

Ans. The PCR for ICICI Bank options is 0.81. Max call OI is at Rs 1,280 and max put OI at Rs 1,240. Kunal Singla of Univest observes this PCR as a cautious signal for the ICICI Bank future and option prediction for tomorrow.

What are the key triggers for ICICI Bank on 1 June 2026?

Ans. Key triggers for ICICI Bank on 1 June 2026 include: GIFT Nifty gap-up of +201.5 points, fii flow direction in banking sector on 1 june, retail credit growth and asset quality, and potential FII flow reversal at the start of June. These determine the ICICI Bank future and option prediction for tomorrow direction.