| Counter | BHARATFORGE LTP 1156 |
| Call | Buy on dip |
| Target 1 | 1250 |
| Target 2 | 1410 |
| Stop Loss | 1100 or 1050 |
| Time Horizon | 1 – 3 months |
| Notes | Buy-on-dip towards 1140 & 1100 |
Bharat Forge Limited is the flagship company of the Pune-based Kalyani Group, which has interests in forging, auto components, speciality steels, infrastructure, renewable energy and speciality chemicals businesses. BFL is the largest forging company in India and among the largest players in the world, second only to Thyssen Krupp in terms of installed capacity and revenues. BFL has a diversified global customer base including the top five CV and PV manufacturers in the world and caters to key global automotive OEMs and Tier I suppliers.
| Previous Close | 1120.3 | TTM EPS | 16.8 |
| 52 Week High | 1163.5 | TTM PE | 68.7 |
| 52 Week Low | 743.6 | P/B | 8.1 |
| Sector PE | 47.6 | Mkt Cap (Rs. Cr.) | 53,845 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
Open Interest Study
| Expiry | CP | Strike | Open Interest |
| 28 Dec 2023 | CE | 1200 | 1283 |
| 28 Dec 2023 | CE | 1150 | 811 |
| 28 Dec 2023 | PE | 1000 | 565 |
| 28 Dec 2023 | PE | 1100 | 504 |
| 28 Dec 2023 | CE | 1160 | 497 |
| 28 Dec 2023 | CE | 1290 | 391 |
| 28 Dec 2023 | PE | 1050 | 389 |
| 28 Dec 2023 | CE | 1250 | 381 |
| 28 Dec 2023 | CE | 1170 | 303 |
F&O Strategy
| Scrip | BHARATFORGE LTP 1156 |
| Risk | Moderate |
| Ratio | 1:2 |
| Bias | Range to pullback above 1100 |
| Max Reward Expected | ₹37,000 |
| Max Risk Expected | ₹8,000 |
| Action | Scrip | Quantity | Entry Price | LTP |
| BUY | BHARATFFORGE 28-DEC 1150 CE | 500 | 44.4 | 44.4 |
| SELL | BHARATFFORGE 28-DEC 1240 CE | 1000 | 14.2 | 14.2 |
|
| Counter | HINDUNILVR LTP 2563 |
| Call | Buy on dip |
| Target 1 | 2640 |
| Target 2 | 2750 |
| Stop Loss | 2500 or 2460 on close |
| Time Horizon | 1 – 3 Months |
| Notes | Buy-On-Dip towards 2540 & 2500 |
Hindustan Unilever Limited (HUL) is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods.
| Previous Close | 2545.6 | TTM EPS | 43.8 |
| 52 Week High | 2769.7 | TTM PE | 58.6 |
| 52 Week Low | 2393.0 | P/B | 12.3 |
| Sector PE | 62.1 | Mkt Cap (Rs. Cr.) | 602,352 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
Open Interest
| Expiry | CP | Strike | Open Interest |
| 28 Dec 2023 | CE | 2600 | 3793 |
| 28 Dec 2023 | CE | 2700 | 1181 |
| 28 Dec 2023 | PE | 2500 | 839 |
| 28 Dec 2023 | PE | 2600 | 776 |
| 28 Dec 2023 | PE | 2400 | 686 |
| 28 Dec 2023 | CE | 2580 | 584 |
| 28 Dec 2023 | CE | 2500 | 580 |
| 28 Dec 2023 | CE | 2540 | 519 |
| 28 Dec 2023 | CE | 2800 | 510 |
F&O Strategy
| Scrip | HINDUNILVR LTP 2563 |
| Risk | Moderate |
| Ratio | 1:2 |
| Bias | Range to pullback above 2540 |
| Max Reward Expected | ₹ 32,000 |
| Max Risk Expected | ₹ 9,600 |
| Action | Scrip | QTY | Entry Price | LTP |
| BUY | HINDUNILVR DEC 2560 CE | 300 | 51 | 51 |
| SELL | HINDUNILVR DEC 2700 CE | 600 | 9.5 | 9.5 |
|
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