I bought a tata elxsi 5000pe for ₹ 110. What is your prognosis for the actions? Can I retain Put’s position? If so, give me an output price – Bharathi S
Tata Elxsi (₹ 5,612.50): The shares recovered last week until Thursday. The ascending impulse seemed strong. However, the price decreased on Friday when the script faced a resistance to ₹ 6,000.
Keep in mind that only a break of ₹ 6,000 can confirm an investment of bullish trends. That said, since the price has moved above the mobile averages of 20 and 50 days, it is not advisable to take short positions aggressively.
Given the prevailing price action, despite the fact that the shares can become bulls to surf ₹ 6,000, there is a good possibility that moderate to ₹ 5000 before such breakup.
A decrease in prices to ₹ 5,000 within two weeks from now on you can lift the premium of the 5000 pites option (you can overcome) approximately ₹ 200. If this fall occurs faster (slower) than that, the premium can be higher (lower).
Our suggestion would be to occupy the position and go to ₹ 200. as a risk management measure, when the premium goes up to ₹ 150, place a stop -los in ₹ 110.
But in case the action increases above ₹ 6,000, leave the option in the prevailing premium since the break can change the positive perspectives.
According to my analysis, Indigo May Futures has support to ₹ 5,250. Therefore, I bought May Futures on Friday at ₹ 5,270 when the price decreased on Friday. What can be the Stop-Loss and the objective for this trade? – I’m sathyan
Interglobe Aviation (₹ 5,313.50): The action has been in a constant higher trend since mid -January after he found support in ₹ 4,000. The price drop that occurred in the last two sessions is largely a correction within the trend of the bull.
As rightly mentioned, the future of May has support ₹ 5,250. In fact, a support is the price band of ₹ 5,200-5,250. On the back of this, we hope that the contract will resume the demonstration. Most likely, try again ₹ 5,600. Therefore, we suggest having Target and Stop -los a ₹ 5,600 and ₹ 5,150 respectively.
Send your queries to derivatives@thehindu.co.in
Posted on April 26, 2025
