VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities told CNBC-TV18, "One of the sectors that we like is the IT. Obviously Infosys is a play that everybody knows, but Tata Elxsi is a stock which we have seen 13 percent open interest (OI) being added yesterday. The stock price was also up 4 percent and for the series we have seen 22 percent OI being added. I am buying the 875 Call here at around Rs 24, keeping a stop loss at Rs 18, with a target of around Rs 35."
"Another stock that we like from the non-Nifty space in the F&O segment is TVS Motor where I am buying the 680 Call at around Rs 13.5, stop loss at Rs 10, and a target of around Rs 20. This again is a stock which has seen 24 percent addition to OI in the current series."
"I have a strategy on IDFC Bank. I am suggesting a bull spread, constructing a bull spread where you buy the 65 Call and sell the 70 Call; your cost would come to something like Rs 1.25 and the maximum possible profit would be Rs 3.75. It is clear that I am betting on the longer side in this particular stock for the current series," he said.
"Kotak Mahindra Bank at an all-time high. This is a stock which we like fundamentally also and derivative wise also it is okay - 10 percent open interest (OI) added in the current series and the stock is up 4 percent; I am buying the 1,050 Call at around Rs 20, keeping a stop loss at Rs 14, and a target of around Rs 30 here."
"Yes Bank is another which is knocking at an all-time high. It is not there, but it could soon be there. I am buying the 375 Call at Rs 8.5, stop loss at Rs 6, and target of around Rs 14," he added.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
