BAJFINANCE
Unprecedented fall in BAJFINANCE from 4500 levels to 2000 levels. Around 2180/2210 BAJFINANCE is having a Pivot support on 5min as well as hourly HA charts, but there is no sign for reversal in Bajfinance.
Anyone considering buying Bajfinance may consider the same if sustaining above 2243.25 for target of 2256.65 followed by 2268.15 and 2291.55. If someone wishes to enter the long position in aggressive way then may consider at CMP (2219) with target of 2232.25 followed by 2244.35. However, it would be prudent to book and keep trailing your positions around given level.
On the short side a trade is advised only if on 5min as well as hourly HA charts it is sustaining below 2195.45 with target of 2173.25 followed by 2150.95 and 2127.25.
My personal bias is Consolidation on BAJFINANCE and will consider to wait for clear direction rather entering the trade, however it is wise to stick to levels give only. Will share the trade idea for all segments (FnO and Cash) in BAJFINANCE at request only.
p.s. –. Trading in current markets is very risky due to uncertainty and volatility in the market but will trade as per my given levels only. Please trade as per your comfort and risk. These levels have derived by analyzing Options data and spot price movement