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Technical analyst, Rajat K Bose has recommended that Bajaj Auto is looking strong for intraday trading today.
He also suggested that the interested investors can buy the stock with a stop loss below Rs 2460 for targets of Rs 2550 and Rs 2562
The CMP is Rs 2,580.00, up 1.8 percent.
Bajaj Auto announced an extension of its festive season offer of Rs 4,000 discount on 100 cc bike Platina till December, reports Economic Times.
The company slashed prices of Platina to Rs 30,000. The response for the offer has been good, as a result, the company extended this offer till the year end.
According to technical analyst, Rajat K Bose Tata Steel is the best stock to reap gains in the long-run. The stock will burst after 9-10 months, so it’s better to hold the stock to make higher profits.
Bose told, “The base metals or steel are looking very weak. I was checking the LME base metals charts, alluminium, teen, copper, zinc, they are all looking pretty bad. Some of them have actually gone below 200-day; alluminium has done that recently and has given a sell signal.”