Stock of the day : Bajaj Finance Ltd For Target Rs. 340 - Religare Broking Ltd
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Bajaj Finance Ltd
* BAJFINANCE has been trading in the corrective phase from last more than 4 months.
* It has registered a breakdown from intermediate rising channel with noticeable surge in volumes.
* Stock has closed beneath its long term moving average i.e. 200 DEMA indicates weakness bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY FEB 7000 PE Bajaj Finance Ltd CMP 224.95; Range 223-226 SL 170; Target 340
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SEBI Registration number is INZ000174330
