Derivative Strategy on Bajaj Finance by HDFC Securities

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%. Stock price has given break down on the daily chart today where it closes at five month low today Momentum Indicators and oscillators are Indicating weakness in the stock Disclaimer: The analyst may have positions in any or all the stocks mentioned above.