There has been a significant uptick in retail loans sanctioned by the over all finance industry. Also with the economy recovering from the sluggishness, will improve the NPA and give additional income in the form of interests to the finance companies.
Bajaj Finance which is ascending slowly, is struggling to give a close above 8000 level. As soon as it gives a close above 8000/- the stock will easily move uptill 8500/-, which is a parallel resistance level.
Finance services along with banks will support the market, after the metal rally.
One can also consider it holding it for extended period of time, if it gives bonus or split itself. Then it will be ready to touch 10k levels very soon. (Speculative)
CMP - 7865/-
Enter if closing above 8000/-
SL - 7880/-
Bajaj Finance which is ascending slowly, is struggling to give a close above 8000 level. As soon as it gives a close above 8000/- the stock will easily move uptill 8500/-, which is a parallel resistance level.
Finance services along with banks will support the market, after the metal rally.
One can also consider it holding it for extended period of time, if it gives bonus or split itself. Then it will be ready to touch 10k levels very soon. (Speculative)
CMP - 7865/-
Enter if closing above 8000/-
SL - 7880/-