What is the outlook for Crompton? I have got a position on September expiry 240 CE bought for an average price ₹7.10. Can the price rise above ₹250 in September? - Debesh Goswami

 Crompton Greaves Consumer Electricals (₹234): The stock has been in a downtrend since mid-May. It started to decline on the back of the resistance at ₹300. Today, it rebounded on the back of the support at ₹225. The uptick can extend to ₹240, a resistance where the 21-day moving average coincides.

If the scrip surpasses ₹240, it can extend the rally to ₹250. However, if the stock falls off ₹240, it can retest ₹225. A breach of this level can drag the price down to ₹200. This is a crucial support and this base is unlikely to be invalidated, at least in September.

Overall, as it stands, there is a chance for the stock to rise to ₹240-250. But whether it will happen right away or after a decline to ₹200 is uncertain. Also, whether the breakout of ₹250 will occur before the end of September expiry is unclear.

Given the prevailing conditions, we suggest exiting the 240-call option at the ongoing premium when the underlying stock price hits ₹238-240 price band.

Do you recommend long or short position in Kaynes Technology futures now? - Palani Shanmugam 

Kaynes Technology India (₹3,570): As of today (September 4), this stock in under futures and options trading ban. Nevertheless, here is our analysis on the stock, which may refer to initiating trades when the scrip comes out of the ban.

So far this week, the price has dropped by over 9 per cent. But after it found support at ₹3,450, the stock has now seen a rebound. Therefore, this support can be deemed to be holding well and as long as this is valid, the bulls will have an edge over the bears.

A potential rally from the current level can lift the stock back to ₹4,000 in the near term . However, if the bears gather enough strength to drag the price below ₹3,500, the sell-off can intensify. Notable support below ₹3,500 can be spotted at ₹3,175 and ₹3,050.

Considering the above factors, you can stay on the long side of the trade until the support at ₹3,500 holds whereas you may start considering short in case the base at ₹3,500 is decisively breached. 

Published on September 4, 2026