Here's a derivative strategy on Bajaj Finance by Nandish Shah of HDFC Sec

Strategy on Bajaj Finance 

Buy Bajaj Fin Feb 5,700 Call at Rs 164  

Stop-loss: Rs 90 

Target: Rs 280 

Lot Size: 250 

Rationale: 

-- Long build-up was seen in the Bajaj Fin Futures’ where we have seen 16 per cent (Prov) rise in the Open Interest with price rising by 5 per cent.

-- The stock price has broken out on the daily chart with higher volumes 

-- Oscillators like RSI and MFI are showing strength in the current uptrend 

-- Plus DI is trading above minus DI while ADX line is placed above 20, Indicating momentum in the stock 

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Disclaimer: Nandish Shah is Technical Research Analyst at