The outlook for Adani Ports and Special Economic Zone (APSEZ) (₹1,409.40) remains neutral. Immediate support levels are ₹1,365 and ₹1,300. Whereas the nearest resistance is ₹1,436. A conclusive close above this will reinforce the bullish trend, leading to another rally.
However, if APSEZ fails to hold on ₹1,300, the long-term positive outlook will change to negative.
F&O pointers: Adani Ports October futures closed at ₹1,417.30 against the spot price of ₹1,409.40. The premium indicates built up of long positions. However, the counter shed open interests last week along with fall in share price. Option trading indicates a wide range-bound movement between ₹1,300 to ₹1,600.
Strategy: Consider buying 1,420-put option that closed with a premium of ₹28.85. As the market lot is 475 shares, this trade will cost ₹13,703.75. This would be the maximum loss and that will happen if the stock remains above ₹1,420.
We advise traders to hold the position with initial stop-loss at ₹15. Shift this to ₹27 if APSEZ opens on weak note, increasing the put option premium. Traders can aim for a target of ₹35. We advise traders to use stop-loss deftly to protect profit. Traders can stay away from the strategy if the stock opens sharply lower.
Follow-up: Bajaj Finserv moved sharply higher thus hurting the put option premium and could have hit the stop-loss. We advise traders those who are still holding the position to exit.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.
Published on October 11, 2025
