The stock of Bajaj Finserv (₹2,000.90) has been moving in a range between ₹1,900 and ₹2,100 for quite some time. While the long-term outlook remains positive, in the short term, we expect the stock to continue in the narrow band.
Immediate support for the stock is at ₹1,913 and ₹1,850. On other hand, the nearest resistance is at ₹2,067, which is crucial level.
F&O pointers: Bajaj Finserv October futures closed at ₹2,009.20 against the spot price of ₹2,000.90, maintaining a premium. While this is positive, the options positioning indicate a movement between ₹1,800 and ₹2,100. So the upside appears limited from the current market price as there is a potential resistance ahead.
Strategy: As we expect the stock to see negative bias in the short run, we recommend buying 1,980 put option. It closed with a premium of ₹31.15.
As the market lot is 500 shares, the cost of the trade is ₹15,575. This is the maximum loss and that would happen if the stock stays above ₹1,980 on expiry. The break-even point is ₹2,011.15.
Keep initial stop-loss at ₹25. Shift it to ₹30 if Bajaj Finserv opens on negative note and dips below ₹1,995. Traders could aim for a target of ₹42 with trailing stop-loss. However, if the stock opens above ₹2,008, traders could ignore the strategy.
Follow-up: As expected, Gail (India) moved in the positive zone hitting the mentioned target. Participants who are still holding can exit.
Note: The recommendations are based on technical analysis and F&O positions. There is a risk of loss in trading.
Published on October 4, 2025
