Trade Spotlight:Bajaj Twins and Affle India have made huge money so far, know whether to leave now or stay

Along with the rise in Asian markets, yesterday the Indian markets were also successful in closing rapidly. In yesterday’s trade, Nifty had regained the level of 16,600. At the same time, the S&P BSE Sensex had run up about 400 points. Metal, Infra, Oil-Gas and PSU stocks had seen gains yesterday. At the same time, selling was seen in FMCG and IT stocks.

Know Buy, Sell or Hold at Brokerages SBI Life, HDFC Life and ICICI Pru

Shares of Bajaj Twins and Affle India were in the headlines in yesterday’s trade. Bajaj Finserv touched a new 52-week high yesterday with a gain of nearly 8 per cent. At the same time, Bajaj Finance saw a rise of 3.3 percent. Whereas Afle India closed with a gain of about 5 percent.

Mazhar Mohamed of Chartviewindia.in has an opinion on these stocks

Bajaj Finserve: Enjoy the Rally

Mazhar Mohammad says that medium term investors should stay in this stock with a stop loss below Rs 15260, while short term investors are advised to take profit.

Affl India: Avoid New Purchases

The stock has been falling continuously since its high of Rs 6285 on March 5. Now this stock is showing in medium term downtrend. Right now it is a bit difficult to guess its direction. If it stays above Rs 3876, then it can see the level of 4300. After this, if it manages to stay above Rs 4300, then it will confirm the return of the bulls. In view of this, new purchase will not be advised in this counter. At the same time, those who have these shares should get out around Rs 4300.

What is the investment opinion of leading brokerage houses on ICICI Bank and Telecom

Bajaj Finance: Short term traders can exit

Mazhar Mohammad says that if this stock is not able to close above Rs 7049 in next 2-3 trading sessions then short term traders should exit from this stock. At the same time, positional traders with a few months outlook would be advised to stay with a stop loss of Rs 6,727 target of Rs 7500.

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