Buy or Sell in Bajaj Finance Share Intraday
Bajaj Finance Ltd is the best share for traders and investors to generate profit in terms of Cash and Futures. In recent few months post Covid-19, Bajaj finance has started falling from 5000 levels. Rising NPAs and one time settlement for banking and nbfc sector were facing tough time by writing off bad loans and provisioning profit to adjust balance sheet.
Recently bajaj finance trading in range bound of 3100 to 3500, profit booking at this level were seen for multiple times. For short term positional traders buy above 3600 for short term target 3800 followed by 4100. Sell below 3300 for short term target 3100, these are the levels which we need to follow. But i would recommend buy on dips, if nifty index supports then bajfinance would overcross 3500 this time and would sustain.
In the coming month there will be worldwide impact on stock market for US elections. If everything goes right Nifty Index will hit all-time high, and we can expect bajaj finance 5000 levels.