1. India Cements Ltd
| Counter | INDIACEM LTP 237.1 |
| Call | Buy on dip |
| Target 1 | 268 |
| Target 2 | 285 |
| Stop Loss | 218 |
| Time Horizon | 4-5 weeks |
| Notes | Buy-on-dip towards 232 & 222 |
India cements Ltd was founded in the year 1946 by two men, Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. They had the vision to inspire dreams for an industrial India, the ability to translate those dreams into reality and the ability to build enduring relationships and the future.
Sri T S Narayanaswami, the banker turned industrialist, was the catalyst who saw the project cross through numerous hurdles and emerge as a viable and marketable proposition.
| Previous Close | 241.0 | TTM EPS | 0 |
| 52 Week High | 298.9 | TTM PE | — |
| 52 Week Low | 167.2 | P/B | 1.3 |
| Sector PE | 45.4 | Mkt Cap (Rs. Cr.) | 7,343 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- The counter has bounced back from lows of 211 to highs of 260 before retracing back to 233 levels in last seven sessions.
- The counter has immediate crucial and decent support at around 230 & 218 levels which can be looked for fresh trading long bets.
- The counter holding above 245 can attempt higher towards 260/ 268 & major 285/300 levels gradually in weeks to come.
Open Interest
- In the analysis of the Option Chain for the August series, the highest Call Option buildup is seen at the 240 Strike Rate, while significant Put Option buildup is observed at the 220 and 240 Strike Rates, which can be considered as immediate support levels.
- Based on the Option Chain analysis, consider a buy-on-dip approach for this counter in the upcoming days, with the anticipation of witnessing higher levels in the weeks ahead.
F&O Strategy
| Scrip | INDIACEM 237.1 |
| Risk | Moderate |
| Ratio | 1:1 |
| Bias | Holding above 218 – “Range to up” |
| Max Reward Expected | ₹29,000 |
| Max Risk Expected | ₹ 0 |
| Action | Scrip | Lot Size | IP | LTP |
| BUY | INDIACEM AUG 240 CE | 2900 | 5 | 5 |
| SELL | INDIACEM AUG 250 CE | 5800 | 2.5 | 2.5 |
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2. Bharat Forge Ltd
| Counter | BHARATFORGE LTP 969.5 |
| Call | Buy on dip |
| Target 1 | 1,020 |
| Target 2 | 1,060 |
| Stop Loss | 920 |
| Time Horizon | 3-4 weeks |
| Notes | Buy-On-Dip towards 960 & 940 |
Bharat Forge manufactures an extensive array of critical and safety components for several sectors including Automobiles (across Commercial & Passenger Vehicle), Oil & Gas, Aerospace, Locomotives, Marine, Energy (across renewable and non-renewable sources), Construction, Mining and General Engineering.
| Previous Close | 956.2 | TTM EPS | 15.1 |
| 52 Week High | 983.5 | TTM PE | 64.3 |
| 52 Week Low | 677.4 | P/B | 6.7 |
| Sector PE | 43.5 | Mkt Cap (Rs. Cr.) | 45,197 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- From a technical perspective, the counter broke out to reach new highs in the last week of July, going beyond the 900 level.
- As long as it stays above the support range of 900 to 880, the overall trend remains “Range to Up” in the short to medium term.
- Looking at higher levels, according to the “Harmonic Price” analysis, potential targets in the coming months could be around 1060 to 1100, with the first significant stop in this range.
Open Interest
- Looking at the August Option Chain, we can see the highest Call Option buildup at the 1000 and 980 Strike Rates. On the other hand, significant Put Option buildup is seen at the 900 and 920 levels on the lower end.
- Traders can consider hedged long option strategies in this situation.
F&O Strategy
| Scrip | BHARATFORGE LTP 969.5 |
| Risk | Moderate |
| Ratio | 1:1 |
| Bias | Holding above 920 – “Range to up” |
| Max Reward Expected | ₹ 34,650 |
| Max Risk Expected | ₹ 15,350 |
| Action | Scrip | QTY | IP | LTP |
| BUY | BHARATFORGE AUG 970 CE | 1000 | 20.75 | 20.75 |
| SELL | BHARATFORGE AUG 1020 CE | 1000 | 5.4 | 5.4 |
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