The stock of Divi’s Laboratories (₹6,473.50) has been moving in a long range between ₹5,250 and ₹7,000 in the last one year. Immediate support levels are at ₹6,359 and ₹6,200. Nearest resistances are at ₹6,520 and ₹6,604.
Overall, we expect the stock to move in a narrow band with a positive bias in the short term.
F&O pointers: Divi’s Lab December futures closed at ₹6,495.50 against the spot price of ₹6,473.50. Though the healthy premium indicates existence of long positions, the counter has witnessed unwinding of open interests in the last few days, giving mixed signals. Option trading indicates that the Divi’s Lab could move in the ₹6,300-6,700 range.
Strategy: Consider a bull call spread on Divi’s Lab which can be initiated by selling 6,550-call and simultaneously buying 6500-call of December expiry. This strategy is best suited when one expects a moderate increase in the underlying asset.
As these options closed with a premium of ₹101.10 and at ₹125.30 respectively, the net cost of this strategy would be ₹24.2 or ₹2,420 (market lot: 100 shares) for traders. The maximum loss of ₹2,420 will happen if Divi’s Lab fails to sustain above ₹6,500 level. The breakeven point is ₹6,524.20.
On the other hand, a profit of ₹2,580 is possible if the stock rises sharply above ₹6,550 before the expiry. Hold the position till expiry week.
Follow-up: Stop-loss would have triggered in Hindustan Aeronautics.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.
Published on December 6, 2025
