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

[NiveRoshni]

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

Source : https://www.business-standard.com/article/markets/here-s-a-derivative-strategy-on-bajaj-finance-by-nandish-shah-of-hdfc-sec-121020500123_1.html