Motilal Oswal Retail Research has recommended two stock trading ideas in its research report. Following are the stocks:

1. Bajaj Finance - Buy

CMP - Rs 5,545

Stop-loss - Rs 5,400

Target price - Rs 5,900

Duration -2-3 days

"Bajaj Finance is moving in an uptrend by maintaining Higher Tops Higher Bottoms on weekly chart. It is giving a range breakout on daily chart along with good momentum in financial services index. RSI oscillator is showing strength on both daily and weekly scale, which certainly bodes well for the bulls. Considering current chart structure, we advise traders to buy the stock for an up move towards 5,900 with stop-loss of 5,400."

2. Axis Bank - Buy

CMP - Rs 761

"AXSB has delivered a resilient performance amid a challenging macro environment and appears well-positioned to report strong earnings traction - as fresh slippages subside, while improved underwriting and an increasing retail mix help maintain strong control on credit cost. On the business front, retail disbursements have showed strong QoQ growth and surpassed pre-COVID levels. The bank has adopted conservative accounting policies and further strengthened the balance sheet by making additional provisions. AXSB has guided for moderation in 4Q slippages. We increase our FY22/FY23E earnings by 21%/10% and estimate AXSB to deliver RoA/RoE of 1.6%/15.4% in FY23."

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