Buy Bajaj Finserv, says Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "Bajaj Finserv is not just a buying opportunity for short term traders. It is also positional trade because the stock has given a break off from a bullish triangle pattern in yesterday's trade. It has been moving within the context of a triangle since September 2013. Now the lower trend of triangle has been gradually moving higher. Moreover in yesterday's trade it has negated a dodgy pattern. So, the recent indecisive phase of the counter is coming to an end.""Buy Bajaj Finserv for a target of Rs 1,950," he added.At 15:10 hrs Bajaj Finserv was quoting at Rs 1,856.55, up Rs 31.55, or 1.73 percent. It has touched an intraday high of Rs 1,890.45 and an intraday low of Rs 1,841.40.