BAJFINANCE Daily analysis 28.02.2024

💰 BAJFINANCE Stock Analysis – Market Sentiment
🔍 Current Price: 8,530.3
📊 Previous Close: 8,705.4
📈 Trend Status: Bullish with Minor Pullback

📌 Key Insights:
🚀 Trading Above All Major EMAs – Bullish Trend Intact
✅ 50 EMA: 7,881.13
✅ 100 EMA: 7,544.54
✅ 200 EMA: 7,308.92
🟢 Bullish Signal: The stock is trading well above all EMAs, confirming a strong uptrend despite a minor pullback.

📉 Support Levels:
🛑 S1: 8,470 (Immediate Support)
🛑 S2: 8,410 (Stronger Support Zone)
🛑 S3: 8,310 (Breakdown Level)

📈 Resistance Levels:
⚡ R1: 8,630 (First Hurdle for Upside)
⚡ R2: 8,730 (Breakout Zone)
⚡ R3: 8,790 (Further Strength Above This)

📊 Market Sentiment: Bullish with Short-Term Weakness
🔹 Above All Key EMAs → Strong Uptrend Continues.
🔹 Minor Pullback from Previous Close → Healthy Correction in an Uptrend.
🔹 8,470 is Crucial Support → If held, expect a bounce toward 8,630+.

📢 Trading Strategy:
🚀 Buy on Dips Near 8,470-8,410 for a Bounce Toward 8,630-8,790.
⚠️ Weakness Below 8,310 Could Signal Trend Reversal.
📊 Bias Remains Bullish Unless 8,310 Breaks!

💡 Watch for a Break Above 8,630 for Further Momentum!
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🔍 BAJFINANCE Option Analysis – 27th March 2025 Expiry

📌 Key Resistance & Support Zones (Based on OI)
🔴 Strong Resistance → 8500 CE (Highest Call OI)
🟢 Strong Support → 8000 PE (Highest Put OI)

✅ Maximum Put OI at 8600 PE (53,125 OI) → Strong Support
✅ Heavy Call Buying at 8400 CE (90,625 OI) → Major Resistance
✅ If 8600 PE breaks, expect sharp downside below 8600
✅ If 8400 CE breaks, strong momentum towards 8600-8800 possible

📉 Ideal Put Option for Bearish Move (Market Downside) → 8700 PE
If BAJFINANCE breaks below 8700, this is possibly the best put to trade.

🔹 Put OI: 8,375 (Weak support, potential for breakdown)
🔹 Put Writing at 8700 PE → If broken, sharp fall expected
🔹 Put LTP: ₹312.1
🔹 Put Delta: -0.58 (Every 100-point drop increases price by ~₹58)
🔹 Put Theta: -3.12 (Time decay impact)
🔹 Put Vega: 9.7 (High volatility sensitivity)
💡 Best Trade: Enter 8700 PE if BAJFINANCE breaks below 8500 with volume.

📈 Ideal Call Option for Bullish Move (Market Reversal) → 8400 CE
If BAJFINANCE moves upwards, this is possibly the best call to trade.

🔹 Call OI: 90,625 (Strong resistance, but if broken, a big upside move is likely)
🔹 Call Buying at 8400 CE → If broken, expect strong momentum
🔹 Call LTP: ₹308.4
🔹 Call Delta: 0.62 (Every 100-point rise increases price by ~₹62)
🔹 Call Theta: -4.23 (Time decay impact)
🔹 Call Vega: 9.22 (More impact from volatility)
💡 Best Trade: Enter 8400 CE if BAJFINANCE breaks above 8550 with volume.

🎯 Summary of Trade Ideas
| 8700 PE Best Trade If → BAJFINANCE breaks below 8700 (bearish confirmation) |
| 8400 CE Best Trade If → BAJFINANCE crosses above 8400 (bullish breakout) |

📌 Risk Management: Always use stop-loss to manage risk & avoid chasing moves. 🚀