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%.
Momentum Indicators and oscillators are Indicating weakness in the stock
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.