Short-term and long-term outlook remains positive for HDFC Asset Management Company (HDFC AMC) (₹5,798.50). The stock finds an immediate support at ₹5,597 and ₹5,463.

If HDFC AMC sustains above ₹5,210, it can rally to the ₹6,400-6,500 band. Overall, we expect this stock to continue its bullish trend with intermittent corrections.

F&O pointers: The September futures of HDFC AMC closed at ₹5,808 on Friday against the spot price of ₹5,798.50. The healthy premium indicates build-up of long positions. Open interest moved up from mere 1.99 lakhs shares to 21.31 lakh shares in the last one month. Option trading indicates that the stock could move in the ₹5,000-6,200 range.

Strategy: Consider a bull-call spread on HDFC AMC. This can be initiated by selling the 5,900-call and simultaneously buying the 5,800-call. These options closed with a premium of ₹74.85 and ₹118 respectively. Hence, the net cost will be ₹43.15/lot.

As the market lot is 150 shares, this would cost traders ₹6,472.50. This will be the maximum loss which will happen if HDFC AMC fails to hold ₹5,800. On the other hand, a profit of ₹8,527.50 is possible if the price remains above ₹5,900.

Initial stop-loss can be ₹25 on combined basis. It can be shifted to ₹40 if the combined premium moves past ₹48.

Follow-up: We had suggested a short strangle on SBI Cards using 860-call and 720-put. Contrary to our expectations, the stock zoomed sharply and would have triggered stop loss.

Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.

Published on September 13, 2025