1. Aditya Birla Capital Limited
| Counter | ABCAPITAL FUT 193.75 |
| Call | Buy on dip |
| Target 1 | 212 |
| Target 2 | 228 |
| Stop Loss | 184 or 179 |
| Time Horizon | 3-4 weeks |
| Notes | Buy-on-dip towards 192 & Avg around 185 |
Aditya Birla Capital Limited is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 34,000 employees, the businesses of ABCL have a nationwide reach with over 1,295 branches, more than 2,00,000 agents/channel partners and various bank partners.
| Previous Close | 175.5 | TTM EPS | 18.5 |
| 52 Week High | 199.3 | TTM PE | 10.5 |
| 52 Week Low | 101.7 | P/B | 3.7 |
| Sector PE | 25.8 | Mkt Cap (Rs. Cr.) | 50,352 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- Four weeks ago, the stock showed a strong bullish pattern called “Bullish Engulfing.” After three weeks of moving sideways, the stock ended last week on a positive note.
- From a technical perspective, the stock is currently trading above an important level of 180, which indicates a positive outlook. It has the potential to reach higher levels of 212 in the near term, and if the momentum continues, it could even extend to 228-230 levels.
Open Interest Study
- Immediate maximum Call Build-up is at around 200 levels, and there is even more Call Build-up at higher levels around 210.
- Maximum Put Build-up is visible at around 170/190 Strike rates, indicating support levels for the stock.
- Based on the Open Interest (OI) study, it is suggested to consider fresh long build-up if the stock experiences dips towards 190 Strike Rates.
F&O Strategy
| Scrip | ABCAPITAL FUT 193.75 |
| Risk | Moderate |
| Ratio | 1:1:1 |
| Bias | Holding above 180 – “Range to up” |
| Max Reward Expected | ₹ 92,880 |
| Max Risk Expected | ₹ 42,120 |
| Action | Scrip | Lot Size | IP | LTP |
| BUY | ABCAP AUG FUT | 5400 | 195.75 | 195.75 |
| BUY | ABCAP AUG 195 PUT | 5400 | 8.85 | 8.85 |
| SELL | ABCAP AUG 220 CE | 5400 | 1.8 | 1.8 |
|
2. Indian Railway Catering and Tourism Corporation Ltd.
| Counter | IRCTC LTP 630.55 |
| Call | Buy on dip |
| Target 1 | 640 |
| Target 2 | 680 |
| Stop Loss | 590 |
| Time Horizon | 3-4 weeks |
| Notes | Buy-On-Dip towards 625 & 610 |
Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) is a “Mini Ratna (Category-I)” Central Public Sector Enterprise under Ministry of Railways, Government of India. IRCTC was incorporated on 27th September, 1999 as an extended arm of the Indian Railways to upgrade, professionalize and manage the catering and hospitality services at stations, on trains and other locations and to promote domestic and international tourism through development of budget hotels, special tour packages, information & commercial publicity and global reservation systems.
| Previous Close | 619.5 | TTM EPS | 12.6 |
| 52 Week High | 774.9 | TTM PE | 50.2 |
| 52 Week Low | 557.1 | P/B | 20.4 |
| Sector PE | 48.1 | Mkt Cap (Rs. Cr.) | 50,452 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- The counter’s trading is facing pressure and is currently below its mid-term resistance levels of 680-700.
- The counter has been performing poorly for the past few months, but last week, it showed signs of a possible rebound.
- If the counter falls towards 625 & 610, it could be an opportunity for “Contra Buying,” which means buying against the prevailing trend, aiming for potential gains at 660 & 680-700 levels.
- Once it crosses above the 680-700 range, expect short-covering and new buying interest, which may push to higher levels in the coming weeks.
Open Interest
- Looking at the IRCTC Aug Option Chain Study, there is strong interest from traders at the 700 & 650 Call Option Strikes, indicating resistance for buyers.
- On the other hand, for Put Options, the highest interest is seen at the 600 & 650 Strike rates.
- Overall, based on the Open Interest (OI) data, there seems to be a “Tug-Of-War” situation between bullish and bearish traders around the 650 levels, which could persist for the coming weeks.
- As a conservative approach, a Bullish Long Strategy may be considered, aiming for higher levels around 660/680 initiallyTop of Form.
F&O Strategy
| Scrip | IRCTC LTP 630.55 |
| Risk | Moderate |
| Ratio | 1:1:1 |
| Bias | Holding above 646 – “Range to up” |
| Max Reward Expected | ~Rs. 12,338 |
| Max Risk Expected | ~Rs. 9,550 |
| Action | Scrip | QTY | IP | LTP |
| BUY | IRCTC AUG FUT | 875 | 635.7 | 635.7 |
| BUY | IRCTC AUG 635 PE | 875 | 20.5 | 20.5 |
| SELL | IRCTC AUG 660 CE | 875 | 10.3 | 10.3 |
|
Disclaimer: This document is not intended for anyone other than the recipient. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. If you have received the publication in error please notify the sender immediately. If you are not the named addressee, you should not disseminate, distribute or copy this document. You are hereby notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. This document has no contractual value and is not and should not be construed as advice or as an offer or the solicitation of an offer or a recommendation to take action in consonance in any jurisdiction. Finwizard Technology Private Limited (“Fisdom”) makes no guarantee, representation or warranty and accepts no responsibility or liability for the accuracy or completeness of the information and/or opinions contained in this document, including any third party information obtained from sources it believes to be reliable but which has not been independently verified. In no event will Fisdom be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document, even if you advise us of the possibility of such damages, losses or expenses. Fisdom does not undertake any obligation to issue any further publications or update the contents of this document. The information stated and/or opinion(s) expressed herein are expressed solely as general commentary for general information purposes only and do not constitute advice, solicitation or recommendation to act upon thereof. Fisdom does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. Fisdom may have issued other similar documents that are inconsistent with and reach different conclusion from the information presented in this document. The relevant offering documents should be read for further details. You should make such researches/inspections/inquiries as it deems necessary to arrive at an independent evaluation of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks involved. Fisdom makes no representations that the offerings mentioned in this document are available to persons of any other country or are necessarily suitable for any particular person or appropriate in accordance with their local law. Among other things, this means that the disclosures set forth in this document may not conform to rules of the regulatory bodies of any other country and investment in the offer discussed will not afford the protection offered by the local regulatory regime in any other country. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. The relevant product documents should be read for further details. Fisdom does not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at anytime.
