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

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