Britannia Industries (₹5,915.50) has been moving in a narrow range for quite some. Immediate support levels are ₹5,625 and ₹5,375. Nearest resistance is at ₹6,070. We expect the stock to move up across a bullish channel.
F&O pointers: Britannia Industries December futures closed at ₹5,927 against the spot price of ₹5,915.50. The counter witnessed unwinding of open interest in the last couple of days along with rise in share price, signalling some profit booking. However, the premium suggests the existence of long positions. Option trading indicates that the stock could move in the ₹5,400-6,400 range.
Strategy: Consider buying 5,900-call. The option closed with a premium of ₹100.35 and with a market lot of 125 shares, the trade would cost ₹12,543.75. This would be the maximum loss one can suffer and that will happen if Britannia Industries fails to hold on to ₹5,900.
The break-even point is ₹6,000.35. Profit potential is high if the stock rises sharply.
Traders can keep the initial stop-loss on the premium at ₹65 which can be shifted to ₹95 if Britannia opens on a positive note. Target can be ₹150-160.
However, if the stock opens above ₹5,950 or below ₹5,850, traders could stay away from this strategy.
Follow-up: Recommendations on PFC bull-call spread could have hit the stop-losses. Those who are holding can exit from the position, as the stock moved contrary to our expectations.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.
Published on December 13, 2025
