Despite a sharp fall in share price post its Q2 results, the short-term outlook remains positive for DLF (₹756.25). Support levels are at ₹737 and ₹677. On the other hand, resistance levels are at ₹777 and ₹813.
F&O pointers: DLF Nov futures closed at ₹761.15 against the spot close of ₹756.25. Despite a sharp decline on Friday, DLF Nov futures added over 8.4 lakh shares. The premium signals accumulation of longs. Option trading indicates that DLF can move in the ₹720-840 range.
Strategy: Consider buying 770-call on DLF that closed with a premium of ₹15.10. As the market lot is 825 shares, this strategy would cost ₹12,457.50, which would be the maximum loss.
Keep initial stop-loss at ₹9 that can be shifted to ₹14 if DLF opens on flat or positive note. Target can be ₹22. The stop-loss can be shifted to protect profits while the premium increases as DLF is one of the high-beta (volatile) stocks. Traders can stay away from the strategy If the stock opens below ₹755 on Monday.
Follow-up: Vedanta 505-Nov call option did provide profit opportunities last week itself. However, as the stock turned direction, the call option lost much of its premium. Those who are still holding can wait for a week with revised stop-loss at ₹8.5. Shift this to ₹14 if the premium moves past ₹15. Target can be ₹22.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.
Published on November 1, 2025
