Cipla, as an organisation has been built brick-by-brick on the foundation of care. Caring For Life has always been and continues to remain, their guiding purpose. Driven by the same purpose, they have extended presence in 80+ countries providing over 1,500 products across various therapeutic categories in 50+ dosage forms. To make healthcare more affordable globally, they are deepening presence in the key markets of India, South Africa, the U.S. among other economies of the emerging world.
Previous Close
1,237.9
TTM EPS
42.7
52 Week High
1,277.9
TTM PE
29.0
52 Week Low
852.0
P/B
4.7
Sector PE
45.0
Mkt Cap (Rs. Cr.)
100,116
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
Cipla Futures, after six weeks of consolidation within the range of 1150 to 1200, experienced a breakout the previous week and concluded at 1212 levels.
During the last week, the stock attracted renewed buying interest, resulting in a 2.43% increase, closing at 1242.
Looking ahead, the stock maintains a “Range to Positive” outlook, with support expected above 1220 and significant support at the 1200 levels in the short to mid-term time frame. It may be considered for “Accumulation” on market declines based on risk appetite.
Open Interest Study
Expiry
CP
Strike
Open Interest
30 Nov 2023
CE
1250
834
30 Nov 2023
CE
1240
759
30 Nov 2023
PE
1200
700
30 Nov 2023
CE
1300
485
30 Nov 2023
CE
1230
453
30 Nov 2023
CE
1200
440
30 Nov 2023
CE
1350
416
30 Nov 2023
PE
1100
377
30 Nov 2023
PE
1150
374
In the Cipla November Option Chain, there is a significant build-up of Call options at 1250 and 1240 strike rates, while the maximum Put option build-up is observed at 1200 and 1150 strike rates.
The overall Open Interest (OI) chain suggests a capped “Upside.”
Taking into account oscillators, price study, and OI analysis, the stock can be traded with a “Hedged Long Bias” outlook.
Tata Power is one of India’s largest integrated power companies, present across the entire power value chain of conventional & renewable energy, power services, and next-generation customer solutions including solar rooftop, EV charging stations, and home automation.
Previous Close
248.2
TTM EPS
11.2
52 Week High
276.5
TTM PE
22.5
52 Week Low
182.4
P/B
3.1
Sector PE
17.0
Mkt Cap (Rs. Cr.)
80,330
(Source: Moneycontrol, BSE, Fisdom Research)
(Source: Fisdom Research)
Technical Outlook
Tata Power, having reached a peak of 277.45 in the last week of September 2023, retraced to test the lows of 230 in the last week of October 2023.
On a short to mid-term time frame, the stock maintains a “Range to Pull” outlook, anticipating potential gains towards 280 and significant levels around 300 in the weeks ahead.
From a technical perspective, the counter may be considered for fresh buying opportunities on dips, with specific levels to be observed in the coming weeks.
Open Interest
Expiry
CP
Strike
Open Interest
30 Nov 2023
CE
260
2879
30 Nov 2023
CE
250
2826
30 Nov 2023
CE
255
1830
30 Nov 2023
CE
270
1706
30 Nov 2023
PE
240
1650
30 Nov 2023
PE
250
1474
30 Nov 2023
CE
280
1288
30 Nov 2023
CE
265
963
30 Nov 2023
PE
245
931
In the Tata Power November Option chain, there is a notable build-up of Call options at 260 and 250 Strikes, suggesting an immediate hurdle.
Conversely, at the lower end, there is a maximum Put option build-up at 240 and 250 Strikes. Therefore, the overall scenario at 250 can be perceived as a “Tug-Of-War” between Bulls and Bears in the short term.
Based on the structure and Option Chain study, the counter may consolidate with a positive outlook in the upcoming weeks.
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