"Bajaj Finance: Strategy for Possible Upside"

BAJFINANCE Options Strategy - A Guide to Potential Moves

Looking to take advantage of Bajaj Finance's options, the January 30th, 2025 expiry offers interesting opportunities. Based on the current data, we can observe significant open interest (OI) shifts, especially in higher strikes like 7000, 7100, and 7400. There has been call buying activity, particularly around the 7200-7500 strikes, with the buildup pointing to a potential uptrend. The strategy here could focus on monitoring levels near 7400-7600 for a possible move higher, in line with Citi’s target of Rs 8,150, offering a potential upside of 17.51%. Key support is around the 7300-7500 range, while higher strikes, like 8000, might indicate further strength in case of a bullish breakout. As always, proceed with caution and follow proper risk management techniques.

Disclaimer:

The information and analysis provided in this article are for informational purposes only and should not be construed as investment advice. The content is based on publicly available data and is intended to help you understand the market trends. It is important to consult with a qualified financial advisor before making any investment decisions. Trading in securities involves risk, and it is essential to assess your risk tolerance and perform your own research before engaging in any trading activities. The author and Simple Trade With Patience (STWP) do not take any responsibility for any losses incurred from following the information provided.

Thu Jan 2, 2025