The stock of Crompton Greaves Consumer Electricals (₹301.95) is ruling at a crucial level. Immediate resistances are at ₹333 and ₹401. A close above the latter will change even the long-term outlook positive for the stock. 

Nearest support levels are at ₹282 and ₹255. A close below the latter can drag the stock to sub-₹200 level. But in the near-term, we expect the stock to continue in the recovery path.

F&O pointers: May futures of Crompton Greaves Consumer Electricals (expiring on May 26) closed at ₹302.10 and June futures closed at ₹303.95 against the spot price of ₹301.95. The negligible premium indicates that traders are still cautious on the stock. Option trading indicates that the stock could move in the ₹280-320 range. 

Strategy: Consider going long on Crompton Greaves futures. This strategy is quite risky and the margin obligation is high. Hence, risk-averse traders can avoid this trade, particularly given the geopolitical uncertainties, which can quickly change the mood of the market. 

While initial stop-loss can be placed at ₹293, that can be shifted to ₹300 if the stock opens on a positive note. The stop-loss can be shifted to ₹305, if the contract moves above ₹310.

Traders can aim for a target of ₹333. Stop-loss should be handled deftly so that profits and capital are protected. This strategy is not applicable if the stock opens above ₹308 or below ₹295 on Monday.

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

Published on May 16, 2026