Latest news with #JayThakkar
Mint
28-05-2025
- Business
- Mint
Concor to Dabur India - Jay Thakkar suggests three stocks to buy for short-term in F&O segment
Stock market today: The Indian stock markets opened flat on Wednesday, despite a positive lead from both the US and Asian markets. Analysts indicate that investors in the Indian stock markets are experiencing trading activity that lacks a clear direction. Reflecting on the sentiment in the market, experts noted that the monthly expiry is approaching for the Indian markets. The previous day, Tuesday, experienced considerable volatility, and similar fluctuations are expected on Wednesday and Thursday. The increase in Covid cases is causing some concern, but the prevailing view is that it is a mild variant appearing with the arrival of the monsoon, and it will likely be managed effectively. At 12:36 IST, Sensex dropped by 120.93 points to reach 81,430.70, while the Nifty 50 fell by 38.95 points to settle at 24,788.10. Jay Thakkar of ICICI Securities suggests to buy only above 25,150 for the targets of 25,500 and 25,800 with a stop loss of 24,900. Here's what he says about the overall market. Nifty 50 has got stuck in a range i.e. between 25,150 to 24,400 and there isn't a breakout from this range the short-term trend will be sideways to negative. There has been continuous supply at the higher levels and the Index is unable to surpass its recent swing high. The FIIs also have been selling more than buying on alternate days due to which the momentum has slowed down. The India VIX has been rising since last Friday due to which there has been selling pressure at the higher levels. The Bank Nifty which has the highest weightage in Nifty 50 has also gone sideways since after hitting high on 23rd April 2025, so overall until these two Indices don't take of their recent swing highs and unless the India VIX cools off, the overall trend will be sideways to negative only. So, buy only above 25,150 for the targets of 25,500 and 25,800 with a stop loss of 24,900. Support: 24,500 and 24,400 Resistance: 25,000 and 25,150 Targets: 25,500 and 25,800 Jay Thakkar of ICICI Securities recommends Tata Chemicals June Futures, CONCOR (Container Corporation of India Ltd) June Futures, and Dabur India June Futures. CONCOR share price seems to have formed the base as the price action confirms the higher tops and bottoms and with that the OI has been rising which is a sign of long built up. The stock has witnessed huge long unwinding due to which the stock fell from 1200 to 600 i.e. 50% approximately, hence a bounce back or a retracement of the entire fall can't be ruled out and the minimum targets are 850 and 880. There has been put additions and call unwinding which is a positive sign in the near term, only 800 strike has the highest call OI in the short term, so it is important to take off those levels in order to gain further momentum. The stock is trading above its 20-day VWAP level and that is positive in the near term. Tata Chemicals share price has seem quite a sell off from 1300 to 780 on a closing basis which is nearly 40% from the top. The overall correction was due to long unwinding and now with a breakout above the two previous swing highs and increase in OI there is some long built up seen. The stock is also trading well above its 20-day VWAP i.e. 880, hence the risk: reward on the long side is much favorable. There is a highest call OI at 900 strike, hence above that level it will gain further upward momentum. Dabur share price has witnessed huge shorts since last many quarters and there has been correction and consolidation in the stock. Now, it seems to have reversed as its forming higher tops and bottoms as well as the OI seems to reversing. The stock is hovering around its 20-day VWAP; hence it should bounce from here only, however, some consolidation can't be ruled out. On the options front, it has highest call OI is at 500, so it will gain further momentum only above 500 levels. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 27/05/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Mint
22-05-2025
- Business
- Mint
F&O strategy: Jay Thakkar recommends three stocks to buy today — 22 May 2025
Stock market today: The equity benchmark indices — Sensex and Nifty 50 — witnessed a heavy selloff in trade on Thursday, declining over 1% each. Concerns over rising US debt and bond yields, escalating tensions in the Middle East and a subdued Q4 earnings season have kept investors on the sidelines. "There is slight risk off in global markets. This is evident from the strength in alternate assets like gold and Bitcoin. The fundamental issue is the high fiscal deficit of the US which the market feels is unsustainable. The weak US 20-year bond auction and the spike in yields of 5-year, 10-year and 30-year bonds indicate the declining confidence in US bonds. In Japan, too, bond yields are rising. Rising US bond yields are usually negative for emerging markets. But the situation is slightly different now," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Explaining further, he added that the root cause of the problem is the unsustainable US fiscal deficit and debt. This may trigger some capital flows away from the US to other economies where prospects for growth and earnings are better, he added. Jay Thakkar, Vice President & Head of Derivatives and Quant Research, ICICI Securities, shares his outlook for the Nifty50 and three stock ideas: Nifty is unable to surpass the 25,000 level after bouncing back from the 24,000 level. It has been facing strong resistance at the higher levels with some selling pressure from the FIIs as well, now after a long period of buying in the equity cash segment now they seem to have taken a pause. On the upside, the 25000 strike has the highest call OI, whereas the 24000 strike has the highest put OI, so the range for the Index is 24000 to 25000 levels. There is a small gap around 24200, which is likely to be filled in this correction or consolidation. Now, on the upside, 24,800 is an immediate resistance, which, if taken off, will be the first signal of reversal of trend from down to up; otherwise, the short-term trend is in favour of the bears from the profit-booking point of view. The positional bias on the Index is still positive, and it is quite likely to head towards 25800 levels. The India VIX has been rising this week, as well as, the global markets are showing signs of weakness, hence overall the short-term trend remains sideways to negative. Jay Thakkar of ICICI Securities suggests buying Divi's Labs, Hindustan Aeronautics and Tata Technologies in the futures market. Divis Labs has broken out of multiple swing resistance, and with that, the stock has also started to witness long positions in futures. The correction had witnessed profit booking, i.e. long unwinding and now, after the positions have become light in F&O, it seems to be reversing back on the long side. The options activity also suggests that the bulls have an upper hand as there have been put additions at the lower levels along with call unwinding, so it is a double benefit for the bulls. The stock is trading above its 20-day VWAP as well as its max pain levels, hence the short-term outlook is positive. The Nifty defence sector index has been forming higher tops and higher bottoms, and the overall trend is bullish in it. HAL has also been trending higher and has just started adding long positions after witnessing huge profit booking and long unwinding. So, now with this fresh breakout as well as long additions, the overall trend appears bullish. The options activity suggests call writing at the higher levels, which can prove to be resistance at the higher levels, however, the put writers have become aggressive at the ATM strike and the stock is also trading above its 20-day VWAP and its max pain level, so the overall trend is positive. The stock has provided a breakout from an inverse head and shoulders pattern, which is a bullish reversal sign in the near term. It had witnessed huge short build-up since it got introduced in the F&O segment; however, since the breakout, there is short covering witnessed which is a positive sign in the near term. There have been put additions at almost all the strikes from ITM to OTM, with some call unwinding also witnessed at higher levels, hence the upside probability is higher on account of short covering. The stock is trading well above its max pain and modified max pain levels of 700 and 749, as well as its 20-day VWAP levels of 680, hence, the overall trend in the short term appears bullish. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Economic Times
22-05-2025
- Business
- Economic Times
Deploy Bull Call Ladder in Nifty to play index's range
Live Events Bull Call Ladder (Prices as of May 21) Below is the payoff graph of the strategy: (Source: ICICI Securities) (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Nifty index has been encountering resistance near the 25,000 mark, and analysts believe that unless this level is decisively breached, the overall trend is expected to remain sideways to has been more than a week since the Index has not been able to close above 25,000 levels and the same strike has got the highest call OI as Jay Thakkar, Head of Derivative and Quantitative Research at ICICI Securities , believes that unless those levels are decisively breached, the short-term trend is likely to remain sideways.'Now, on the lower side, the Index has managed to hold on to 24,700 levels for the past 2 days and there has been aggressive put writing at the lower levels, mainly at 24,800 levels, therefore, either the Index will trade within a range of 24,800 to 25,000 or it will break out of this range,' Thakkar was a good call unwinding as well, which was witnessed from 24,900 and 25,000 strikes, which makes it possible for an upward Index is trading just at 24,800, which is the max pain level, however, it is trading below the 25,068 level, which is the modified max pain level. Based on this, as well as the overall bias appearing to be sideways, is expected to limit the upside till 25,100 such a placement, Jay Thakkar suggests deploying a Bull Call Ladder strategy with a credit spread and limited upside up to 25,100 levels.A bull call ladder spread is an options trading strategy that extends the bull call spread by adding an additional short call at a higher strike price. It involves buying one ATM/ITM call, selling one OTM call, and selling another higher OTM call. This strategy is used when the trader is moderately bullish but wants to benefit from limited risk while also capitalising on a potential price surge. The downside risk is limited, while the upside profit is capped beyond a certain level, and excessive upward movement can lead to losses due to the extra short the index closes below 24,800, the strategy will not incur a loss. On the upside, the maximum gain will be in the range of 24,900 to 25,000, amounting to Rs 7,721 or 102.95 points. The breakeven point on the upside is at 25,102.95, and the position should be exited if the index moves beyond this level. Therefore, 25,103 should be treated as the stop-loss for the strategy.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
22-05-2025
- Business
- Time of India
Deploy Bull Call Ladder in Nifty to play index's range
Live Events Bull Call Ladder (Prices as of May 21) Below is the payoff graph of the strategy: (Source: ICICI Securities) (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Nifty index has been encountering resistance near the 25,000 mark, and analysts believe that unless this level is decisively breached, the overall trend is expected to remain sideways to has been more than a week since the Index has not been able to close above 25,000 levels and the same strike has got the highest call OI as Jay Thakkar, Head of Derivative and Quantitative Research at ICICI Securities , believes that unless those levels are decisively breached, the short-term trend is likely to remain sideways.'Now, on the lower side, the Index has managed to hold on to 24,700 levels for the past 2 days and there has been aggressive put writing at the lower levels, mainly at 24,800 levels, therefore, either the Index will trade within a range of 24,800 to 25,000 or it will break out of this range,' Thakkar was a good call unwinding as well, which was witnessed from 24,900 and 25,000 strikes, which makes it possible for an upward Index is trading just at 24,800, which is the max pain level, however, it is trading below the 25,068 level, which is the modified max pain level. Based on this, as well as the overall bias appearing to be sideways, is expected to limit the upside till 25,100 such a placement, Jay Thakkar suggests deploying a Bull Call Ladder strategy with a credit spread and limited upside up to 25,100 levels.A bull call ladder spread is an options trading strategy that extends the bull call spread by adding an additional short call at a higher strike price. It involves buying one ATM/ITM call, selling one OTM call, and selling another higher OTM call. This strategy is used when the trader is moderately bullish but wants to benefit from limited risk while also capitalising on a potential price surge. The downside risk is limited, while the upside profit is capped beyond a certain level, and excessive upward movement can lead to losses due to the extra short the index closes below 24,800, the strategy will not incur a loss. On the upside, the maximum gain will be in the range of 24,900 to 25,000, amounting to Rs 7,721 or 102.95 points. The breakeven point on the upside is at 25,102.95, and the position should be exited if the index moves beyond this level. Therefore, 25,103 should be treated as the stop-loss for the strategy.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
India Today
19-05-2025
- General
- India Today
Past perfect: The return of the heritage home
(NOTE: This article was originally published in the India Today Home issue dated May 2025)If walls could speak, a Rajasthani haveli or a Chettinad house would read like a palimpsest, layer upon layer of memories accumulated over many generations. Today, even as modern high-rises and cookie-cutter villas reshape our social and urban fabric, heritage homes, whether period structures or new builds inspired by traditional typologies, continue to captivate architects and homeowners drawn by the allure of a slower, simpler, and more meaningful way of life. From the Kath-Khuni style of building in the western Himalayas to the evocative Indo-Portuguese influences that inform the design of Goan houses, we shine a spotlight on the enduring legacy of heritage residential architecture across the A BLANK SLATEThe Kath-Khuni building, popular in the north Indian hills, is a response to the region's climate and seismic activity. Deep stone plinths provide a solid base, projecting wooden balconies invite you to soak in panoramic views, and slate tile-covered roofs offer protection against heavy rains. 'Kath-Khuni architecture is not just an engineering style. It's a heartfelt expression of harmony between human ingenuity and the natural world,' notes Jay Thakkar, a senior associate professor at the Faculty of Design and co-founder of Design Innovation and Craft Resource Centre at CEPT University, Ahmedabad. 'Originating from Himachal Pradesh, it has a sustainable approach and deep-rooted cultural significance,' he shares. Thakkar calls them 'living entities' that adapt to the rhythms of life and nature around them. CLASSIC CHIC: Casa Caisua in Goa by Raya Shankhwalker Architects advertisementA COASTAL SURPRISEGoan architecture is often mistakenly identified as purely Indo-Portuguese. 'The two must not be conflated,' says architect Raya Shankhwalker of Goa-based Raya Shankhwalker Architects. Shankhwalker shares that Goa has rich and evolved building traditions that predate the Portuguese-era. 'The central courtyard is the defining feature of the pre-Portuguese era homes, an adaptation to the region's hot, humid climate,' he explains.A good example of Goan architecture style is Casa Caisua in Anjuna, Goa. The home was built by his maternal grandfather in the early 1900s. Now a guesthouse, the conversion accommodated key changes, executed while preserving the original facade. Internally, the characteristic high ceiling was retained, with only a discreet loft added above the washroom for added storage. The old walls have been restored to their pristine glory, complemented by an earthy and locally sourced material palette comprising laterite, polished cement floors, timber, and Goa, we head to Pondicherry, where Shankhwalker is currently restoring a Franco-Tamil villa, a style born in the 17th and 18th centuries. 'We've taken pains to restore the Madras roof, which is a defining feature of this type. We've also removed a room extension to restore the full splendour of the original pillared portico,' he A Nalukettu home by Temple Town (left); The Light House by SJK Architects (top right); reinterpretation of a Manduva house by 23 Degrees Design Shift (bottom right) SLOPING TOWARDS SUCCESSThe traditional Manduva Logili house has predominated the architecture of Andhra Pradesh and Telangana for centuries. Now mostly relegated to villages, this inward-facing house type is deeply responsive to the local climate, with thick walls made of mud wattle, shaded verandahs, and sloping red-tiled roofs. The heart of the home is the courtyard where the family gathers, rituals unfold, and the house breathes.'Growing up in Telangana, I've always admired Manduva houses. The serene courtyards, sloping roofs, the earthy scent of timber and stone—they call for a slower, more grounded way of life,' says Neelesh Kumar, co-founder and partner at Hyderabad-based studio, 23 Degrees Design Shift. 'So when we were approached to transform a small farmhouse into a home for an extended family, the Manduva felt like a natural starting point. It allowed us to anchor the design in something familiar, while still giving us the freedom to reinterpret it for contemporary living.'advertisementRather than replicating the traditionally compact layout of a Manduva, where the courtyard is tightly enclosed, the volumes at the Courtyard House are gently spaced out. This allows the house to breathe, inviting light and breeze while softening transitions between the public and private GOOD DESIGN SECOND COMING: SJK architects have reimagined a typical haveli (top left and right); a contemporary Manduva-style home in Nagpur by 23 Degrees Design Shift (below left and right) In Nagpur, The Light House by SJK Architects derives inspiration from havelis, large residences with communal courtyards (chowks), projecting balconies (jharokhas), and intricate brick or stone lattice screens (jaalis), vernacular to many western and northern regions of climate-responsive dwellings, along with the timber-based Wada residential architecture, more predominant in Maharashtra, served as an inspiration for the design of the house.'The clients, a multigenerational family, held a deep nostalgia for havelis. Considering this and the regional context of Maharashtra's wada architecture, we devised an eight-foot wide linear atrium that slices through the centre, with its proportions derived from detailed studies of scale and sun movement throughout the seasons,' says Vaishali Mangalvedhekar, Partner at Mumbai-based SJK third of the balcony area is customised into contemporary jharokhas in varying configurations across the levels, creating a dynamic look. 'Much like the traditional jaalis of havelis, the lattices are also an essential climate control device that temper harsh sunlight, facilitate airflow, and serve as a rain buffer,' explains WITH THE PASTFurther south, in the vibrant city of Thrissur, Meera Pyarelal's interior design practice Temple Town has reimagined the interiors of an ancestral Nalukettu home. With its symmetrical grid plan enclosing a central courtyard, distinctive clay-tiled roof, and gabled windows, a Nalukettu home (nalu meaning four and kettu meaning halls) has all the ingredients to protect it from Kerala's oppressive hot and humid weather and heavy monsoon rains.'Having spent most of their lives abroad, the clients—three generations of a family—yearned for a home that would reconnect them to their roots in Kerala. It needed to hold space for family functions around the courtyard, like in bygone days, encouraging a return to a slower, more intentional way of life,' says Pyarelal. 'We used recycled and reclaimed wood. The furniture was exclusively custom-made using responsibly sourced teak at Temple Town. A memorable challenge was collecting every window from Karaikudi, Chettinad, well before the construction commenced. We painstakingly put them together despite the complexities posed by their different shapes and sizes.'advertisementPyarelal attributes the renewed interest in heritage homes to a broader shift in lifestyle and values. Thakkar, who's authored books on Kath-Khuni architecture, echoes her sentiment, though with a degree of caution, particularly regarding the growing preference for RCC construction in the hills. 'There seems to be a gentle shift happening, more of a slow reawakening than a complete revival. People are starting to notice and reflect on things more, asking questions, but it's really uneven,' he says. 'In some villages, traditional methods still guide temple restorations, led by rituals and master builders. These community-led projects are the truest forms of revival—not a fleeting trend but part of an ongoing continuity. It might be gradual, but it feels deeply significant.'—Kushagra Sharma is an architect and Associate Editorial Director at Epistle, a communications consultancy headquartered in Delhi. to India Today Magazine
