1. Bharti Airtel Ltd.
| Counter | BHARTIARTL LTP 805.35 |
| Call | Buy on dip |
| Target 1 | 855 |
| Target 2 | 900 |
| Stop Loss | 770 |
| Time Horizon | 2-3 weeks |
| Notes | Buy-on-dip towards 800 & 780 |
Headquartered in India, Airtel is a global communications solutions provider with over 491 Mn customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services.
| Previous Close | 799.3 | TTM EPS | 14.7 |
| 52 Week High | 860.6 | TTM PE | 54.8 |
| 52 Week Low | 628.8 | P/B | 4.1 |
| Sector PE | 23.9 | Mkt Cap (Rs. Cr.) | 457,186 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
- The stock is currently at a point where it may experience a significant increase in its value soon as it is on the verge of breaking out of ‘Consolidation’.
- If the stock price drops, there is a strong support level at around 780, and another important support level at 755.
- On the other hand, if the stock price goes up, it may reach levels of 855 and even higher at 975 in the coming months, as per “Harmonic Price Study”.
Open Interest Study
(Source: Fisdom research)
- Open Interest data for the MAY Series suggests that there is a significant barrier for the stock price at around the 800 strike price.
- At the lower end of the stock market, there is a significant accumulation of Put options (PE) contracts around the 780 levels . Compared to the Call options (CE), there are fewer contracts for the Put options at 780. it may be a good opportunity to buy the stock if its price decreases and reaches around the 780 level while maintaining strict stop loss.
- Short covering can be expected once the counter sustains above 800 levels in the upcoming days.
F&O Strategy
| Scrip | BHARTIARTL LTP 805.35 |
| Risk | Moderate |
| Ratio | 1:1 |
| Bias | Range to pull back |
| Max Reward Expected | ₹29,023 |
| Max Risk Expected | ₹Rs. 18,500 |
| Action | Scrip | QTY | IP | LTP |
| BUY | BHARTIARTL 29-JUN 800 CE | 950 | 25.8 | 25.8 |
| SELL | BHARTIARTL 29-JUN 850 CE | 950 | 6.35 | 6.35 |
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2. Hindustan Unilever Ltd
| Counter | HUL LTP 2641.40 |
| Call | Buy on dip |
| Target 1 | 2720 |
| Target 2 | 2800 |
| Stop Loss | 2520 |
| Time Horizon | 2-3 weeks |
| Notes | Buy-On-Dip towards 2600 & 2550 |
HUL is a subsidiary of Unilever, one of the world’s leading suppliers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries. Forbes rated HUL as the most innovative company in India and #8 globally. With 90 years of heritage in India, Hindustan Unilever Limited (HUL) is India’s largest fast-moving consumer goods company. On any given day, nine out of ten Indian households use one or more of HUL brands, giving us a unique opportunity to build a brighter future.
| Previous Close | 2627.6 | TTM EPS | 43.1 |
| 52 Week High | 2741.6 | TTM PE | 61.3 |
| 52 Week Low | 2100.0 | P/B | 12.6 |
| Sector PE | 59.3 | Mkt Cap (Rs. Cr.) | 620,632 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- The stock has been trading in a phase of broad consolidation since August 2022.
- Within this range the counter holds “Buy-On-Dip” outlook
- If the stock price drops to around 2600 or 2550 levels, it may be a good time to buy for long-term.
- It is important to set a stop-loss order below 2520. This means that if the stock price falls below this level on a weekly closing basis, it may be a signal to sell the stock to limit potential losses.
Open Interest
(Source: Fisdom Research)
- HUL open interest indicates strong support at around 2500 levels followed by maximum CE open interest at 2600 levels indicating a “Tug-Of-War” action.
- Buy on dips can be looked upon for fresh entry points for long term, while maintaining stop loss below 2500 levels as per open interest study.
F&O Strategy
| Scrip | HUL LTP 2641.40 |
| Risk | Moderate |
| Ratio | 1:1 |
| Bias | Range to pull back |
| Max Reward Expected | ₹17,100 |
| Max Risk Expected | ₹12,900 |
| Action | Scrip | QTY | IP | LTP |
| BUY | HINDUNILVR 29-JUN 2600 PE | 300 | 71 | 71 |
| SELL | HINDUNILVR 29-JUN 2600 PE | 300 | 28 | 28 |
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