BAJAJ FINANCE

7 Jun 2020

THE STOCK SEEMS TO BE IN UPTREND FOR SHORT TERM , THE RESISTANCE NOW IS AT 2554 , IF CROSSED 2554 AND SUSTAINS WE CAN SEE THE RETEST OF VPOC AROUND 2714 LEVELS , ON SHORT SIDE IF PRICE SLIDES BELOW 2310 LEVELS WE CAN BUY ON RETEST ON SHORT SIDE WITH TARGET OF 2245 , OVERALL NIFTY SEEMS TO BE IN SHORT TERM UPTREND EVEN GLOBAL CLUES ARE POSITIVE HENCE TO GO WITH TREND ON CAN SEE HOW THE PRICE REACTS TO 2554 LEVELS IF SUSTAINS 2714 LEVELS WOULD BE AN EASY TARGET , WE CAN WAIT TO BUY AT RETEST OF AROUND 2554 LEVELS WE SHOULD NOT BUY AS SOON AS PRICE CROSS 2554 BECAUSE ITS A MAJOR RESISTANCE AS PER PREVIOUS HIGH THERE WOULD BE A SELLING OR BOOKING OF PROFIT AS STOCK HAS GIVEN GOOD RUN IN PREVIOUS DAYS . ITS A BUY ONLY ABOVE 2554 LEVELS , SELL ONLY BELOW 2310 .
VIEWS AND SUGGESTIONS INVITED

THANKS