Bajaj Auto May Head Higher

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Bajaj Auto yesterday looked pretty good, in fact it has actually broken out of a congestion zone above Rs 2,400 and once it is above Rs 2,400 it would gather some momentum and chances are that you would see the stock moving up forward on the upside." 

" Federal Bank yesterday looked quite good on the charts. In fact this is one of the few banks, so that may actually give bit of a bounce today irrespective of the Bank Nifty looking weak. I have kept a target of Rs 49.50 because Rs 50 to about Rs 51 is a major supply zone for the stock.