The long-term outlook remains positive for Titan Company (₹3,467.20) despite the recent weakness. Immediate support levels are at ₹3,378 and ₹3,050.
Nearest resistance is at ₹3,541. A conclusive close above ₹3,636 will trigger a fresh rally in the stock that could lift it to new heights. Overall, we expect Titan Company’s stock to show some recovery in the short term.
F&O pointers: Titan Company September futures closed at ₹3,479.60 against the spot price of ₹3,467.20. The counter shed open positions from 91.84 lakh shares on August 31 to 85.04 lakh shares on September 11 along with a fall in share price.
Since then, unwinding of open positions slowed down and currently, the outstanding open interest is 90.29 lakh shares. Option trading indicates that the stock could move in the ₹3,400-4000 range.
Strategy: Consider the 3450-strike call on Titan Company that closed with a premium of ₹59.55 on Friday. As the market lot is 175 shares, this strategy would cost traders ₹10,421.25. The maximum loss would be the premium paid (₹10,421.25) and that will happen if Titan fails to sustain above ₹3,450.
Place initial stop-loss at ₹25. This can be shifted to ₹50 if the stock opens on a positive note and the premium sustains above ₹65. Traders can aim for a target of ₹85. The break-even point is ₹3,509.55.
Traders can avoid this trade if the stock opens above ₹3,500 or below ₹3,400.
Follow-up: Recommended trade on HDFC AMC would have achieved the desired target.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading
Published on September 20, 2025
