BAJAJ-AUTO : Sell BAJAJ-AUTO below 1741.8, target 1631.05 and Stoploss 1852.55

March 23 There are several bad news flowing against Bajaj Auto. The stock fell over Rs400 in the past two months. The stock just crossed 200 DMA and we predict a strong sell with strict stoploss. The inventory level increased high in the last month, this also points a bearish trend to the price.
bajajauto
BAJAJ-AUTO price action indicates that there is a support at 1741.8. A breakout at this level may indicate a drop in the price.

BAJAJ-AUTO seen heavy sell off today

March 21 Since the price 2200, Bajaj-auto is continously falling. There are various factors going negative to this stock. Even thou company says they are comfortable with balance books and hedged for 2014, but this is not stopping the stock to come down every day. Srilankan new tax levy is also one of the reason for stock pulling down.

We are bearish on this stock and we recommend option trader to buy put  BAJAJ-AUTO OPTSTK/1,750.00/25 Apr 2013 (PE) at 42 and book profit at 95, with stoploss at 25.