The year was 1946. The Second World War was over and political freedom was round the corner. It was then The India Cements Ltd. began its humble moorings in the form of a cement factory at Talaiyuthu, an almost unmapped tiny hamlet in Tirunelveli district, Tamil Nadu. As one of the oldest Indian corporates, established in 1946, the company set up its first plant in 1949 at Sankarnagar (Talaiyuthu). The India Cements Ltd. is indeed a pioneer enterprise during the post-independence era to become a public limited company.
Previous Close
263.85
TTM EPS
0
52 Week High
272.9
TTM PE
–
52 Week Low
167.2
P/B
1.4
Sector PE
52.7
Mkt Cap (Rs. Cr.)
8,401
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
IndiaCem gave a technical “Falling Trend-Line” pattern break-out on higher-end last week.
The counter closed on a firm note last week, indicating higher levels in weeks to come.
Technically, as per the price study, the counter can be looked for buying on dips for a potential short-term target cum hurdle of 300-310 levels followed by much higher positional levels of 375-385 in months to come.
Overall, the short-term outlook is “Buy-On-Dip” above 260/ 250 support levels for mentioned higher levels.
Open Interest Study
Expiry
CP
Strike
Open Interest
28 Dec 2023
CE
250
354
28 Dec 2023
CE
260
300
28 Dec 2023
CE
270
226
28 Dec 2023
PE
220
225
28 Dec 2023
PE
250
207
28 Dec 2023
PE
240
206
28 Dec 2023
PE
230
203
28 Dec 2023
CE
275
198
28 Dec 2023
CE
290
190
The Dec Open Interest Option Chain study suggests that the maximum CE build-up is around 250 & 260/ 270 Strike Rates, indicating that the upside is capped.
the maximum PE build-up is witnessed at 250/240 strike rates on the lower end, indicating support levels.
Overall, in the short-term term, per OI data, the upside is capped & dips towards support levels and can wait for fresh entry for better risk-reward trades in days to come. Overall, a new move can be expected on higher-end post-consolidation.
From launching Kotak Mahindra Finance Ltd. in 1985 to becoming one of the country’s most trusted financial institutions today. Kotak Mahindra is one of India’s leading banking and financial services groups, offering a wide range of financial services that encompass every sphere of life.
Previous Close
1826.9
TTM EPS
86.4
52 Week High
2064.4
TTM PE
21.3
52 Week Low
1643.5
P/B
3.8
Sector PE
25.1
Mkt Cap (Rs. Cr.)
365,397
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
Kotakbank has been underperforming in the segment in the last few months.
The counter witnessed a short-term consolidation break-out last week, indicating the downside is capped.
As per the price study, dips towards 1800/ 1760 can be looked at for fresh trading long bets with a stop below 1740 on a closing basis. On the higher end, the counter can attempt towards higher levels of 1905, followed by significant mid-term target cum resistance of 1995 levels in weeks to come. Once 1995 odd levels are taken off, then only a fresh major impulsive up-move is expected. A consolidation can continue before a fresh up-move..
Open Interest
Expiry
CP
Strike
Open Interest
28 Dec 2023
CE
1840
4327
28 Dec 2023
CE
1900
3702
28 Dec 2023
CE
1820
2491
28 Dec 2023
PE
1800
2069
28 Dec 2023
CE
1800
1994
28 Dec 2023
PE
1700
1730
28 Dec 2023
CE
1850
1585
28 Dec 2023
CE
1750
1283
28 Dec 2023
CE
1860
1191
Kotak Bank Dec Open Interest data has maximum CE build-up at 1840 & 1900 Strikes while top PE is witnessed at 1800 Strike Rate.
The OI data suggests that the upside is capped in the short term while support is around 1800. Indicates dips can be looked for fresh, long bets in days to come.
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