1. Dabur LTP 566
| Counter | Dabur LTP 566 |
| Call | Buy-on-dip |
| Target 1 | 585 |
| Target 2 | 615 |
| Stop Loss | 540 |
| Time Horizon | 1 month+ |
| Notes | Buy-on-dip towards 565 & 555; strict stops on closing basis |
Dabur India Ltd is one of India’s leading FMCG Companies with Revenues of over Rs 7,680 Crore & Market Capitalisation of over Rs 48,800 Crore. Dabur is today India’s most trusted name and the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal/Ayurvedic products.
| Previous Close | 554.95 | TTM EPS | 9.75 |
| 52 Week High | 610.75 | TTM PE | 58.05 |
| 52 Week Low | 482.25 | P/B | 11.91 |
| Sector PE | 63.69 | Mkt Cap (Rs. Cr.) | 100,281 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
- DABUR gave its 30-Weeks Moving Average high support forming “Higher-Highs” on weekly time-frame.
- The counter has formed “Double Bottom” at around 540 & a higher weekly bottom indicates “Strength”.
- The counter has immediate supports at around 548 & major 540 levels above which counter remains “Range to Positive”
- Dips towards 565 & 555 can be looked for proportionate buying interest for higher levels of 585. Once the level is held sustainably, it can attempt the next positional target of 615 in months to come. 585 will be very crucial in the mid-term time-frame. Initially, any pull-back towards those levels can entail some profit-taking.
Open Interest Study
(Source: Fisdom research)
- Maximum build-up in Dabur is around 560 & 550 levels which indicates possible dips towards 560 & 550 which can attract fresh buying interest.
- On the higher-end, the counter’s hurdles are positioned at 580 and 600 levels. These levels can be potential targets in weeks to come.
- Over the counter downside is capped if it trades sustainably above 550 levels.
F&O Strategy
| Action | Scrip | QTY | IP | LTP |
| BUY | Feb Dabur 560 CE | 1250 | 19.15 | 19.15 |
| SELL | Feb Dabur 590 CE | 1250 | 6.15 | 6.15 |
The broader market (Nifty LTP 18027) is still in consolidation phase and under pressure as it trades below 18200 levels with crucial support at around 17750 odd levels. The Break-Out & Break-down can change the immediate trend of the market. Conservative traders can consider the following option strategy to participate in the stock.
| Strategy | Bull Ratio Spread |
| Scrip | Dabur LTP 566 |
| Risk | Moderate |
| Ratio | 1:1 |
| Breakeven | 573 |
| Bias | BUY ON DIP |
| Max Reward Expected | ~INR 21,250 |
| Max Risk Expected | ~INR 16,250 |
- DABUR has immediate support at around 560 levels thus a “Bulls Spread” with Long of 560 levels & selling of 590 which is resistance can provide good Risk-Reward Ratio.
- The Break-Even of this strategy is above 573 with maximum gains at and above 590 levels.
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Persistent LTP 4323
| Counter | Persistent LTP 4323 |
| Call | Buy-on-dip |
| Target 1 | 4500 |
| Target 2 | 4700 |
| Stop Loss | 4000 |
| Time Horizon | 2-3 weeks |
| Notes | Buy-on-dip towards 4250 & 4150; strict stops on closing basis |
Persistent Systems is a global solutions company having technical expertise and industry experience of 30 yrs providing digital business transformation. The company has industry expertise in Banking and Financial Services, Insurance, Healthcare, Life sciences. Industrial, Software & Hi-Tech, Telecom & Media.
| Previous Close | 4258.15 | TTM EPS | 105.86 |
| 52 Week High | 4987.50 | TTM PE | 40.84 |
| 52 Week Low | 3092.05 | P/B | 10.16 |
| Sector PE | 29.98 | Mkt Cap (Rs. Cr.) | 33,042 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
- Persistent was trading with a “Range to Positive” outlook above 3800 levels since Nov-22 and gave a weekly closing at its consolidation break-out pegged above 4200 levels last week
- The counter continues to trade in the “overbought” zone on a weekly time-frame. However, as per price study, the counter remains Buy-on-Dip above 4200 & major interim support levels of 3800 levels
- Technically, the counter can attempt its previous multi-months’ “Double Top” highs of 4800 levels in weeks to come
Open Interest
(Source: Fisdom research)
- Max PE build-up indicates support at around 4000 and 3900 levels.
- While on the higher end, for Jan’23 series, maximum call option build-up is witnessed at around 4300 & higher levels.
- Overall build-up suggests Buy-on-dips towards support levels
F&O Strategy
| Action | Scrip | QTY | IP | LTP |
| BUY | Feb Persistent 4200 CE | 175 | 180 | 180 |
| SELL | Feb Persistent 4500 CE | 175 | 70 | 70 |
The broader market (Nifty LTP 18027) is still in consolidation phase and under pressure as it trades below 18200 levels with crucial support at around 17750 odd levels. The Break-Out & Break-down can change the immediate trend of the market. Conservative traders can consider the following option strategy to participate in the stock.
| Strategy | Bull Ratio Spread |
| Scrip | Persistent LTP 4323 |
| Risk | Moderate |
| Ratio | 1:1 |
| Breakeven | 4210 |
| Bias | Buy-on-dip |
| Max Reward Expected | ~INR 33,250 |
| Max Risk Expected | ~INR 19,250 |
- Persistent has immediate support at around 4100 levels; thus, Buying 4200 CE is a Long Bet while Hedging the Cost of Buying Premium by Selling 4500 CE, which is the first major resistance cum target.
- The maximum risk of this strategy is above 4500 while break-even is above 4200 levels
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