its daily chart is showing that all indicators are trading at highly oversold conditions ..
earlier scrip was moved up when reaches at these levels ...Indicated by black vertical lines
closed at 1246 .80
if market will trade in range or bounces from this level bajajauto will move up ...
upside short term positional targets 1367 1449 1555
stop loss 1234.00
only buy and stay in trade if Nifty trade positive ....avoid if nifty is in red ....
Decrease in open interest at fall is indicating that traders are not building new short positions in it ...
| Thu-13/01/2011 | 1299.0 | 1316.7 | 1285.0 | 1289.15 | 4,121 | 2,207,750 | -7,750 | 322287.5 | 1286.55 |
| Fri-14/01/2011 | 1296.65 | 1302.8 | 1240.65 | 1248.55 | 4,495 | 2,185,250 | -22,500 | 312137.5 | 1246.8 |
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