Moneycontrol
Dec 02, 2016 12:16 PM IST | Source: CNBC-TV18

Buy Adani Enterprises 65 Call, sell 72.50 Call: Altamount Cap

Krish Subramanyam of Altamount Capital is of the view that one can buy Adani Enterprises 65 Call and sell 72.50 Call.

Krish Subramanyam of Altamount Capital told CNBC-TV18, "To begin with a bull spread, Adani Enterprises is a buy at 65 strike Call and also sell at 72.50 strike Call. Net cost comes to about 4. We are keeping a target of Rs 6.75 and a stop loss of Rs 2."

"Sell Larsen & Toubro Futures which looks quite weak and we could see some more downside. It is heading for levels of Rs 1,330 and we could possibly keep a stop loss of Rs 1,390," he said.

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