Weekly Picks 12th December 2022

Nestle India LTP 20247

Nestlé is the world’s largest food and beverage company, with more than 2000 brands ranging from global icons to local favourites, and they are present in 191 countries around the world. NESTLÉ India is a subsidiary of NESTLÉ S.A. of Switzerland. With eight factories and many co-packers, Nestlé India is a vibrant Company that provides consumers in India with products of global standards.

Quick Check

Open	19,968.00	TTM EPS	113.39
Previous Close	19,805.35	TTM PE	16.05
Volume	76,755	P/B	1.04
Value (Lacs)	15,536.56	Face Value	2
VWAP	20,103.71	Mkt Cap (Rs. Cr.)	1,95,162
Beta	0.54	Dividend Yield	0.99
High	20,294.95	20D Avg Volume	67,685
Low	19,844.20	20D Avg Delivery (%)	59.64
UC Limit	21,785.85	Sector PE	74.06
LC Limit	17,824.85	Book Value Per Share	216.2
52 Week High	21,050.00
52 Week Low	16,000.00

Technical Outlook

NESTLEIND is structurally quite strong on Positional & Mid-term charts
On Mid-term Time-Frame, the counter has decent strong support at around 18500 levels with potential targets of 22500 & major 25000 levels in the next few months.
On the short-term time frame, the bias remains “Range to Positive” above 19500 for a potential target of 22500. Traders can look for buying on dips towards 19800 & lower, keeping a stop below 19500 on weekly closing.
As per Option Study NestleInd Spot has decent support at around 19000 levels while Resistance is at around 21000 levels for the Dec series.

Counter	NESTLE LTP 20247
Call	BUY-ON-DIP towards 19800 – 19600
Target 1	22500
Target 2	25000
Stop Loss	19500
Time Horizon	Approximate 3 months
Notes	Exit can be considered if counter trades below stop-loss for 60 minutes.

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Asian Paints LTP 3227

Asian Paints manufactures a wide range of paints for decorative and industrial use and also offers Wall Coverings, waterproofing, adhesives and services under its portfolio. The company is also in the Home Improvement and Decor segment and offers bath and kitchen products. The company also introduced lightings, furnishings and furniture in its portfolio. In the Health and Hygiene segment, Asian Paints offers a range of Sanitizers and Surface Disinfectants.

Quick Check

Open	3,235.00	TTM EPS	38.22
Previous Close	3,221.45	TTM PE	84.43
Volume	8,47,879	P/B	21.8
Value (Lacs)	27,360.63	Face Value	1
VWAP	3,228.50	Mkt Cap (Rs. Cr.)	3,09,528
Beta	0.8	Dividend Yield	0.59
High	3,242.35	20D Avg Volume	9,60,311
Low	3,206.00	20D Avg Delivery(%)	57.97
UC Limit	3,543.55	Sector PE	88.3
LC Limit	2,899.35	Book Value Per Share	148.03
52 Week High	3,590.00
52 Week Low	2,560.00

Technical Outlook

ASIANPIANTS has been in a consolidation phase since Aug-22
The counter has been well above 3000 levels for the last four months & indicates a “Range to Positive” outlook on charts. One can look for a “Long Hedged Option Strategy” on dips.
The counter can be looked for “Accumulation” with delivery and for trading long bets on dips.
As per the Price study, the counter has initial Target cum resistance at around 3380, followed by a major mid-term hurdle of 3580 levels &
Broader outlook “Accumulates” above 3080 for mentioned potential higher levels in weeks to come.

Counter	ASIANPAINTS LTP 3227
Call	BUY-ON-DIP towards 3100 – 3000
Target 1	3380
Target 2	3580
Stop Loss	3080
Time Horizon	2-3 weeks
Notes	Exit can be considered if counter trades below stop-loss for 60 minutes.