F&O Strategy: Indus Towers to CDSL— Rupak De suggests buy or sell strategy for THESE stocks
As of 9:15 IST, the Nifty 50 had decreased by 0.69% to 24,939.75, while the Sensex dropped by 0.85% to 81,704.07.
According to Rupak De of LKP Securities, as long as the index stays above 24,850, it remains a 'buy on dips' market. On the upside, Nifty 50 could head towards 25,350. De recommends buying Indus Towers, Nava, and Central Depository Services (India) amidst Israel-Iran War.
After three days of consolidation, Nifty 50 saw a sharp bounce, signaling a resumption of its short-term uptrend. It has also reclaimed the 21-day EMA, which adds strength to the current momentum. As long as the index stays above 24,850, it remains a 'buy on dips' market. On the upside, Nifty 50 could head towards 25,350 and possibly even higher.
Open Interest Analysis: Significant open interest additions were observed in 25,000 and 25,100 Puts and while some OI addition seen at 25,400 Calls; however, Call writings were relatively muted on Friday. Maximum OI buildup was seen at 25,500 CE. Meanwhile, substantial put writing at the 25,000 strike.
Strategy: Strength might increase if Nifty 50 sustains above 25,100.
Trade: Buy Nifty June 25,200CE Above 110 TGT 180 SL 69.
Indus Towers share price has moved up sharply following a period of sideways consolidation on the daily chart, indicating rising optimism. Moreover, the 21EMA and 50EMA have given a bullish crossover, supporting the positive view. The RSI is in a bullish crossover and rising. The current setup aligns well with a bullish outlook, with the price likely to rise towards ₹ 430. On the lower end, support is placed at ₹ 389.
Nava share price has given a rounding bottom breakout on the daily chart, suggesting bullishness. In addition, the 21EMA and 50EMA have given a bullish crossover, reinforcing the positive view. The RSI is in a bullish crossover and rising on the hourly chart. The current setup supports a bullish outlook, with the price expected to move towards ₹ 600. On the lower end, support is placed at ₹ 539.
After a brief correction, the stock looks poised to rise again. The price found support at the 21EMA before moving higher, signalling positive sentiment. The RSI is in a bullish crossover and rising on the hourly chart, indicating early signs of strengthening momentum. The current setup supports a bullish view, with the price likely to move towards ₹ 1,900. On the lower end, support is placed at ₹ 1,629.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
13 minutes ago
- Mint
Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today
The Indian stock market ended with significant losses for the second consecutive session on Friday, July 25. The Sensex closed 721 points, or 0.88 per cent, down at 81,463.09, while the Nifty 50 settled 225 points, or 0.90 per cent, lower at 24,837. The market saw an overall sell-off, and the mid- and small-cap segments ended with even deeper losses. The BSE Midcap index declined 1.46 per cent, while the Smallcap index crashed 1.88 per cent. Investors lost nearly ₹ 6.5 lakh crore in a single day as the cumulative market capitalisation of BSE-listed firms dropped to nearly ₹ 451.7 lakh crore from ₹ 458.11 lakh crore in the previous session. Weak earnings, delayed India-US trade deal, relentless foreign capital outflow amid stretched valuation of the domestic market are the key factors behind the market's downtrend. "Subdued corporate results and lacklustre global cues triggered a broad-based sell-off across domestic equities. Elevated valuations in large-cap stocks, coupled with significant net short positions held by FIIs, added to the downward pressure," Vinod Nair, Head of Research, Geojit Investments, observed. "Investor sentiment remained fragile amid ongoing uncertainty over US-India tariff negotiations and the ECB maintaining the status quo, with rate cuts deferred until clearer insights emerge on the inflationary impact of trade developments. Moderation in DII inflows after the strong buying of the last two to three months, due to a muted earnings season and persistent FII selling, continues to impact the current market," said Nair. Only seven stocks managed to end in the green in the Nifty 50 index, among which Cipla (up 3.17 per cent), SBI Life Insurance Company (up 2.07 per cent), and Apollo Hospitals (up 1.50 per cent) stood at the top. Shares of Bajaj Finance (down 4.81 per cent), Shriram Finance (down 3.64 per cent), and IndusInd Bank (down 2.64 per cent) ended as the top losers in the index. Barring Nifty Healthcare (up 0.69 per cent) and Pharma (up 0.54 per cent), all sectoral indices ended with losses, with Media (down 2.61 per cent), Oil & Gas (down 1.96 per cent), PSU Bank (down 1.70 per cent), and Metal (down 1.64 per cent) losing heavily. Nifty Bank dropped 0.94 per cent, while the Financial Services ended 0.88 per cent lower. Jayaswal Neco Industries (34.72 crore shares), Vodafone Idea (23.83 crore shares), and Ola Electric Mobility (13.61 crore shares) were the most active stocks in terms of volume on the NSE. Defying weak market sentiment, 15 stocks, including The Phosphate Company, Aashka Hospitals, Sharda Cropchem, Kellton Tech Solutions, Sharika Enterprises, and Vimta Labs, surged over 10 per cent on the BSE. B-Right Realestate, Eighty Jewellers, Jonjua Overseas, and Hexaware Technologies were among the seven stocks that crashed more than 10 per cent on the BSE. Out of 4,154 stocks traded on the BSE, 1,116 advanced, while 2,893 declined. Some 145 stocks remained unchanged. While the stock market ended with significant losses, as many as 111 stocks, including ICICI Bank, eClerx Services, Home First Finance Company India, Laurus Labs, Sai Life Sciences, Shyam Metalics and Energy, and Torrent Pharmaceuticals, hit their 52-week highs in intraday trade. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
13 minutes ago
- Mint
Stock market today: 111 stocks hit 52-week highs, 68 stocks at 52-week low as Nifty 50, Sensex end nearly 1% down
In contrast, 68 stocks touched 52-week lows, with notable mentions like Colgate Palmolive (India) Ltd, Tejas Networks Ltd, Spicejet Ltd, HDB Financial Services Ltd, Kalpataru Ltd, Raymond Realty Ltd, R K Swamy Ltd, and Smartworks Coworking Spaces Ltd. Today, domestic markets witnessed significant declines, with prominent indices closing notably lower and extending their losing streak for the third consecutive session. The Sensex fell by 721 points (0.87%) to close at 81,463, while the Nifty 50 decreased by 225 points (0.9%) to end at 24,837, decisively dropping below the key 25,000 level. The broader market reflected this trend, as the Nifty MidCap declined by 1.6% and the Nifty SmallCap dropped by 2.1%. As stated by Vaibhav Vidwani, a Research Analyst at Bonanza, the earnings reports from significant index players like Bajaj Finance and Bajaj Finserv fell short of investor expectations. Following downgrades from global brokerages after the results, the shares of the Bajaj twins dropped over 2%, putting pressure on financials and heightening negative sentiment. Vidwani believes that the declines were led by sectors such as Information Technology, automotive, FMCG, metals, and power due to sector-specific challenges, weaker global it-tech signals, and worries about inflated valuations. Only a few pharmaceutical stocks offered some relief. Asian markets were down as caution prevailed concerning the timing of interest rate cuts by the US Federal Reserve. Additionally, the mood was further affected by impending global trade tensions and uncertainties about the trade agreement between the US and India, according to Vaibhav. According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 remained under sustained selling pressure as the index slipped below the crucial support level of 24,900. Moreover, it has closed below the 50-day Exponential Moving Average (50EMA) for the first time in several sessions, signaling a meaningful weakening of the ongoing trend. Additionally, the index has now fallen back into the zone of the previous swing high on the daily timeframe, which further highlights a potential trend reversal. The current setup appears notably weak and suggests the possibility of a deeper correction. If the Nifty 50 fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
33 minutes ago
- Mint
ITC bets on new growth engines, expands food-tech and wellness play
New Delhi/Mumbai: Diversified conglomerate ITC Ltd is expanding its presence in new business segments such as food-tech, wellness, sustainable packaging and agri-tech platforms, as part of its broader 'ITC Next' strategy. Speaking at the company's 113th annual general meeting, chairman Sanjiv Puri said the group is building a 'future-ready portfolio' to navigate a challenging business environment. He said the environment was at a critical 'TURN'—turbulence, uncertainty, rapid change and the need for novel strategies. 'Future readiness is not merely about adapting to change, it is about anticipating, innovating and proactively shaping the future,' Puri said. ITC's food-tech vertical, which combines its packaged foods, hospitality and digital platforms, has seen a 108% compound annual growth rate over the last three years. Operating through four brands—ITC Master Chef Creations, Aashirvaad Soul Creations, Sunfeast Baked Creations and Sansho—the full-stack platform currently runs 60 cloud kitchens in five cities and is being scaled up across the country. In FY25, the company launched over 100 new products across categories such as health and nutrition, hygiene, naturals, protection and convenience. One such launch is Pranah, a range of incense sticks and scented candles focused on aromatherapy. 'Consumers are seeking new therapeutic experiences as part of their wellness pursuits,' Puri said. ITC also introduced Right Shift, a brand aimed at consumers above the age of 40, offering nutrition-based products developed using clinically proven natural ingredients and proprietary formulations. The company continues to expand its frozen foods business through the ITC Master Chef range, which includes over 80 SKUs of Indian and Western snacks, breads and seafood. Its acquisition of Prasuma has added more than 170 frozen Pan Asian food options, available in over 100 cities. ITC's expansion into niche and premium categories includes Sunfeast Baked Creations, a line of premium cookies positioned for quick commerce channels, and a Japanese Hokkaido milk-based soap bar under its Fiama brand. 'We are also introducing new brands and pursuing value-accretive acquisitions to address emerging opportunities and whitespaces,' Puri said. He added that the company is consolidating its position in the organic segment through its acquisition of 24 Mantra Organic, which operates across 1.4 lakh acres of certified farmland in 10 states and offers over 100 SKUs. It complements the earlier acquisition of Yoga Bar and the recent investment in Mother Sparsh, a player in the natural baby care space. 'These strategic acquisitions have been structured in a manner that allows ITC to gain from the entrepreneurial zeal of the founders, while leveraging ITC's institutional strengths,' Puri said. ITC said its agri-tech initiative, ITCMaars, supports over 2,050 Farmer Producer Organisations (FPOs) and 22 lakh farmers across 11 states. The platform integrates services such as AI-enabled crop advisories, image-based diagnostics, drone applications, market linkages and access to inputs and credit. To promote farming-as-a-service, ITC is working on building an ecosystem of local entrepreneurs under models such as 'drone didis'. Puri said these interventions have led to a 15–20% increase in yields and up to 30% improvement in net returns for farmers. The platform is being positioned as a long-term business opportunity, alongside its relevance to the core agri and foods segments. The company's new packaging businesses under brands such as Filo, Bioseal and Fyba are positioned as sustainable alternatives to single-use plastics. The Fyba unit in Madhya Pradesh uses renewable materials such as bamboo, bagasse and wastepaper. Puri said this vertical has grown 2.4x over FY22 levels. To address climate risk, ITC has undertaken assessments at 140 sites and across multiple value chains. Its 'climate smart agriculture' programme now covers 31 lakh acres across 100 districts, with a target of 40 lakh acres by 2030. Watershed development efforts now span 18 lakh acres, enabling estimated annual water savings of 1,400 million kilolitres. 'Climate change is expected to impact food security and livelihoods. Adaptation is now as critical as decarbonisation,' Puri said. The company last year announced plans to invest ₹ 20,000 crore over the medium term across FMCG, packaging, agri and export-linked manufacturing. More than 90% of ITC's raw material needs are now met through local sourcing. Its network of 250+ factories includes integrated consumer goods manufacturing and logistics hubs aimed at enhancing agility and reducing reliance on external supply chains. Puri said global disruptions have exposed the fragility of traditional supply networks. 'The need to build agile, diversified and localised manufacturing and supply networks is critical to enhance resilience,' he said. ITC's products now reach over 260 million Indian households and are present in over 70 global markets. 'It is our firm belief that Indian brands must adorn the global stage, but only after establishing a legacy in Bharat,' Puri added. The FMCG major is set to announce its June quarter earnings on 1 August. Analysts at Nuvama Institutional Equities indicate an overall revenue growth of 9.9% year-on-year. 'The cigarette segment is projected to see a 4% year-on-year increase in volumes, leading to a 5% rise in net revenue and a 3.4% growth in EBIT,' they said. Ebit is earnings before interest and taxes. While FMCG sales are expected to grow by 5% year-on-year, Ebit margins are likely to contract sharply by approximately 22% due to negative pricing in notebooks, which have a higher salience in Q1FY26E, as per the Nuvama report released in July. On Friday, ITC shares were marginally lower at ₹ 409.55 on the National Stock Exchange in a largely weak market.
