Stock of the day: Sell Bajaj-Auto Jan Futs For Target Rs.3520 By Religare Broking
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Bajaj Auto Ltd
* Seeing mixed trend in the auto pack and BAJAJ-AUTO has been struggling to cross the resistance zone of major moving averages.
* It has formed a fresh shorting pivot after the failed attempt to reclaim the 200 EMA on daily chart.
* Indications are in the favour of tone to remain negative and retest the 3500 zone soon.
* We thus suggest creating fresh shorts in the given range.
Sell Bajaj-Auto Jan Futs CMP (Rs):3599.70 Range:3610-3620 SL:3665 Target:3520
Technical Chart : Daily
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