Rahul Shah of Motilal Oswal told CNBC-TV18, "If you look at entire metal pack, we had a good short covering and the stocks reached and now again, we should have shorting built up. The pattern what we have seen in most of the commodity stocks, is that we see some kind of short covering and then again the stocks peak out and again we see a good run of sell-offs again.""In Jindal Steel and Power again, we have seen some kind of consolidation between these levels. Now, I think it is right to go short on it, so I would short with a stop loss of Rs 95 and a target of Rs 85 from current level," he said."In the non-banking finance company (NBFC) space and specifically, Bajaj Finance, irrespective of the market, the stock has been outperformer last year as well as in the current last month, last entire December series also. So, I feel that it looks very positive from current level as well. So, these are the times to get into such good stocks, to play in such volatile markets and a weakness day like this. So, I would buy Bajaj Finance with a stop loss of Rs 5,950 for a target of Rs 6,250."
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