Technical calls from HDFC Securities: Buy Bajaj Finserv, Indraprastha Gas

Technical calls from Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities.

Remain long in Nifty with the stop loss of 12,000; Target 12,400

After a minor profit booking on Monday, the Nifty resumed its uptrend yesterday by rising 111 points to close at all time high level, surpassing the previous all-time high closing level of 12,151, registered on November 28.

The Nifty is now placed above all important moving average parameters. Short-term oscillators like DMI and RSI have turned bullish. Earlier resistance of 12,000 will now interchange its role as a support

In the derivatives’ segment, we have seen long buildup in the Nifty Futures’ during the last few days. Amongst the Options, we