 "Derivative Strategy on Bajaj Finance by HDFC Securities")
Derivative Strategy on Bajaj Finance by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:
Buy BAJAJ FINANCE January 1650 Put at Rs 21.50
Stop loss of Rs 12
Target Rs 35
Rationale: We have seen aggressive short positions being built in Bajaj Finance futures during the series where we have seen open interest addition of 29% with price cut of 6%.
Stock price has given break down on the daily chart today where it closes at five month low today
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Momentum Indicators and oscillators are Indicating weakness in the stock
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
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