MTECHTIPS:- Bajaj Finance Ltd

MTECHTIPS:- Bajaj Finance Ltd:- BAJFINANCE is currently in Sideways trend and current intra mode is buy and current very short term mode is sell Yesterday the trend was Strong bear In Aug series BAJFINANCE future shed 2.35 lakh position in Open Interest and this accounts to -6.9107484193501 % of Total Open Interest in Aug series.The BAJFINANCE Aug series is trading at 4.25 Rs discount to Underlying In derivative for all series the share net shed 0.93 lakh position in open interest and for all series it is now trading in average discount of 12.03 Rs to Underlying. The open interest is not increasing with uptrend so be careful and discount of share is also increasing so buyer be cautious In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to call side and ratio still strong