Short Bajaj-Auto Positional

Bajaj Auto is noticing price rejection near its resistance level of 2940.95. Its a good positional short with stoploss of 2940.95 with target of 2814/2780/2736/2610. Safe players may convert the nacked short to a covered put for risk management.

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Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

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