According to VK Sharma, Head of Business-Private Client Group at HDFC Securities, one can buy Hero MotoCorp 3350 Call, YES Bank 1500 Call and Oil India 340 Call.
"I am buying 1,500 Call of YES Bank. It is meaningless to tell the strike but need to keep a stop loss and whatever premium that you pay, ensure that you have a stop loss there and if you are wanting to build large positions then ensure that 50 percent of the buying can be bought - deferred even after some correction intraday happens - that could come in but I could see the Nifty or for that matter YES Bank going below the closing levels of Friday," he said.
"I like Oil India from the oil marketing company space because crude has tumbled 8 percent during the last week and from Friday's level it is 2 percent lower and also the news of Indian Oil Corporation talking about a buyback. So I am buying 340 Call at Rs 5.5, stop loss at Rs 3 and target of Rs 10, this will undergo a change. Investors and traders can decide their prices."