Weekly Picks 18th December 2023

1. ADANIPORTS LTP 1078.85

Counter	ADANIPORTS LTP 1078.85
Call	Buy on dip
Target 1	1160
Target 2	1320
Stop Loss	960
Time Horizon	1+ months
Notes	Buy-on-dip towards 1060 & 1010

Adani Ports and Special Economic Zone Limited (APSEZ Ltd.) is India’s largest private port operator and an end-to-end logistics provider. In less than two decades, the company has built, acquired and developed an unparalleled portfolio of ports infrastructure and services across India.

Previous Close	1079.0	TTM EPS	29.34
52 Week High	1089.9	TTM PE	36.76
52 Week Low	395.1	P/B	7.27
Sector PE	80.9	Mkt Cap (Rs. Cr.)	2,32,981

(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom Research)

• ADANIPORTS gained over +30% this month & has reached to its mid-term resistance cum target level of 1100.
• Going forward, the counter will hold a “Buy-On-Dip” outlook in days to come.
• Technically, the counter has immediate support at around 1020 & at lower 960 levels.
• Once it sustains above 1100, the counter can attempt 1160 & significant 1320 levels in weeks.

Open Interest Study

Expiry	CP	Strike	Open Interest
28 Dec 2023	CE	1100	5106
28 Dec 2023	CE	1200	2693
28 Dec 2023	CE	1050	2550
28 Dec 2023	PE	1000	2037
28 Dec 2023	PE	800	2000
28 Dec 2023	CE	1150	1988
28 Dec 2023	CE	1000	1891
28 Dec 2023	PE	1020	1546
28 Dec 2023	CE	1080	1479

• ADANIPORTS DEC OI has immediate, intense CE build-up at 1100 & 1200 Strike levels.
• The maximum PE build-up is at 1000 strike rates.
• The broader positional outlook remains “Buy-On-Dip” above 1000 levels for higher 1100 & 1200 in the following weeks.

F&O Strategy

Scrip	ADANIPORTS LTP 1078.85
Risk	Moderate
Ratio	1:1
Bias	Range to pullback above 1000-980
Max Reward Expected	₹ 57,120
Max Risk Expected	₹ 23,000

Action	Scrip	Quantity	Entry Price	LTP
BUY	ADANIPORTS JAN 1100 CE	800	60.1	60.1
SELL	ADANIPORTS JAN 1200 CE	800	31.5	31.5

Invest Now

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2. INFY LTP 1579.25

Counter	INFY LTP 1579.25
Call	Buy on dip
Target 1	1640-1660
Target 2	1860
Stop Loss	1500
Time Horizon	3 – 4 Weeks
Notes	Buy-On-Dip towards 1560 & 1520

Infosys is a NYSE listed global consulting and IT services company with more than 328k employees. From a capital of US$250, the company has grown to become a US$18.55 billion (LTM Q2 FY24 revenues) company with a market capitalization of US$ 71.01 billion. The company has pioneered the Global Delivery Model and became the first IT Company from India to be listed on NASDAQ. 

Previous Close	1501.5	TTM EPS	59.9
52 Week High	1628.0	TTM PE	26.3
52 Week Low	1185.3	P/B	8.8
Sector PE	34.1	Mkt Cap (Rs. Cr.)	655,104

(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom Research)

• Infy gave a major “Falling Trend-Line” break-out last week, indicating higher levels in weeks to come.
• The counter ended last week at its highest, giving a 52-week high closing.
• Technically, the counter can be looked for fresh long trading bets on dips towards 1560 & 1520 levels, expecting higher 1650 & after that, positional 1860 odd levels on higher-end.
• Major positional support levels for the counter will be around 1440 odd levels for higher 1860+ levels in the coming months.

Open Interest

Expiry	CP	Strike	Open Interest
28 Dec 2023	CE	1600	5638
28 Dec 2023	PE	1400	5104
28 Dec 2023	PE	1500	4775
28 Dec 2023	PE	1430	3442
28 Dec 2023	CE	1500	3394
28 Dec 2023	PE	1480	2694
28 Dec 2023	CE	1550	2687
28 Dec 2023	CE	1460	2650
28 Dec 2023	CE	1580	2581

• Dec INFY OI Data indicates maximum CE & PE Build-Up at 1600 & 1400 Strikes, which can act as immediate resistance & support levels.
• Major Outlook remains “Buy-On-Dip” with immediate support of 1500, maintaining a stop below 1400 in weeks to come.

F&O Strategy

Scrip	INFY LTP 1579.25
Risk	Moderate
Ratio	1:1
Bias	Range to pullback above 1520
Max Reward Expected	₹ 21,000
Max Risk Expected	₹ 15,000

Action	Scrip	QTY	Entry Price	LTP
BUY	INFY JAN 1560 CE	400	73.5	73.5
SELL	INFY JAN 1650 CE	400	36	36

Invest Now

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