Considering the current market dynamics and adjusting for post-result realignments, this article evaluates the investment potential of Bajaj Finance, HDFC, and VIP for a one-year horizon. Additionally, we will explore other stocks with promising prospects for returns over the next few months. As of the latest updates, Bajaj Finance, HDFC, and VIP are not currently suitable for purchase, reflecting a cautious approach until specific conditions are met.

Current Conditions for Bajaj Finance, HDFC, and VIP

As of the most recent reports, the outlook for Bajaj Finance, HDFC, and VIP remains cautious:

Bajaj Finance

The current moving averages of Bajaj Finance are delicately placed, leading to a misleading action pattern. A potential 'Golden Cross'—an upward crossing of the short-term moving average over the long-term one—would signal a significant upmove. Although the current moving averages predict a compelling trend, a confirmation above 3750 Levels may buy above 3750 and target 5000 as per market conditions. Additional edit: We noticed a drastic fall in Bajaj Finance after the results. The current market price (CMP) stood at 3331. It's recommended to buy above 3600 for the previous target.

HDFC

HDFC showed potential after a recent upmove but the 'Golden Cross' still remains observable in the future. The moving averages for HDFC are more spread out compared to Bajaj Finance. Edit: If HDFC closes above 2000 on a weekly basis, proceed with buying at CMP of 1949.

VIP

The chances of a 'Golden Cross' for VIP are still undecided. Currently, it is suggested to avoid investing in VIP until a clear signal emerges. The Buy point for VIP remains the same at CMP 290.

Recent Developments and Adjustments

A series of edits reflect ongoing adjustments based on market developments:

Edit 4: Bajaj Finance fell sharply by 4.66 on 15th October, with CMP standing at 3214.75. Buy only above 3550.

Edit 5: On 23rd October 2020, HDFC closed above 2000 (2060 on a weekly basis), marking it as a BUY for a one-year period. Bajaj Finance closed at 3317, reminding buyers to wait until above 3500 for a buy. VIP retains its buy point.

Edit 6: On 27th October, Bajaj Finance is very close to meeting the BUY criteria but hasn't crossed yet, with CMP at 3454.

Investment Potential for 1-2 Years

For investments spanning 1-2 years, these stocks have the potential to perform well. With Nifty getting ready for new highs, Bajaj Finance, HDFC, and other selected stocks are anticipated to offer promising returns. Additional options include Raymond, Century Tex, Reliance, and Tata Motors. These stocks present viable alternatives that could yield good returns over the horizon.

Alternatives for Dip Buying

Other stocks that can be considered for dip buying include:

Airtel between 390-405 with stop loss at 385 ITC between 155-170 with stop loss at 150 Federal Bank between 45-50 with stop loss at 45 Deepak Nitrate and Laurus Labs with appropriate stop losses

Trailing stop losses are recommended if stocks appreciate.

Caution on Bank and NBFC Sectors

Due to ongoing concerns post-mortgage moratorium cases, it's advisable to avoid banks and NBFCs until December. This precautionary stance remains valid, emphasizing the need for careful evaluation and patience in these sectors.

Note: This article is for informational purposes only. Always conduct thorough research and consider seeking professional advice before making investment decisions.