The short-term outlook for the stock of Hindustan Aeronautics Ltd (HAL) (₹4,023.70) remains negative. Immediate support levels are at ₹3,865 and ₹3,315. A close below the latter will change even the long-term outlook to negative.

Immediate resistance levels are ₹4,250 and ₹4,675. A close above the latter will trigger a fresh rally on the stock. But we expect the stock to remain volatile in the short-term with negative bias.

F&O trends: HAL March stock futures closed at ₹4,030.60 on Friday against the spot price of ₹4,023.70. Open interest moved up from 11.80 lakh shares to 1.02 crore shares in the last 15 days as HAL remained volatile. Option trading indicates the stock could move between ₹3,800 and ₹4,500.

Strategy: Consider buying HAL 3950-put. As this contract’s premium is ₹104.10 now and the market lot is 150 shares, this strategy would cost traders ₹15,615. This would be the maximum loss in this trade and that will happen if HAL fails to fall below ₹3,950. Profits can be considerable if HAL falls sharply.

We advise traders to keep the initial stop-loss at ₹75, which can be shifted to ₹100, if the stock opens on a flat to negative note on Monday. Traders can aim for a target of ₹145 with trailing stop-losses.

Follow-up: We had advised going short on Angel One last week. The stock provided profit opportunities. Those who have not booked profits can exit.

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

Published on March 7, 2026