Hot Stocks | Here's why HDFC Life and Bajaj Finance are two buy calls for short term

Indian markets began this week on a positive note with Bank Nifty taking the lead with whopping gains of more than 7 percent so far this week, supported by a sharp surge in HDFC and Bajaj twins along with positive moves witnessed by Axis Bank, ICICI Bank and IndusInd Bank.

However, on the derivatives front, tug of war among bulls and bears kept the markets shaky on the back of mixed cues from the global front.

Nevertheless, volatility is likely to grip the market in the coming sessions as well as on the back of the US election results.

The technical setup, however, suggests that bias is likely to remain in favour of bulls as Bank Nifty is continuously holding above the key levels of 25,200.

Nifty also looks positive as long as it manages to hold above 11,500. On the higher side, a decisive move above 11,900 levels would add further follow up buying in the index which could take Nifty towards 12,150 to 12,200 levels in the coming sessions.