VK Sharma, Head of Business-Private Client Group at HDFC Securities told CNBC-TV18, "Although my view is slightly bearish, we don’t really sell stocks and at the most what we say is that in case these stocks, they give you a downside, it is time to buy these stocks. So Maruti Suzuki is one such in which I have suggested to buy 7,300 Call. You buy at around Rs 80, that is lower down the line. On Friday, it closed at Rs 124, so, should it come to Rs 80, you buy that. Keep the stop loss at Rs 50, with a target of around Rs 125."
"Eicher Motors on the other hand which draws 75 percent of its profits from the Enfield business, I think one can consider buying the 27,500 Call at around Rs 564, stop loss at Rs 450, and a target of around Rs 800."
"Singling out Cipla because this stock has relatively done better than the others. Although if you think that the worst is over, then the likes of Sun Pharmaceutical and Dr Reddy's which have been pummelled more, will do better. However, in a market where the market is going to make lower tops and lower bottoms, I think I have chosen a slightly stronger one which has relatively been better. Although the positions were cut yesterday but I am buying the 560 Call at Rs 13, stop loss at Rs 9, and a target of around Rs 20," he said.
"Most of the midcaps are not in derivatives, although five stocks have been added now. However, that does not make the list very strong. However, within that space I would like to bet on the news on the anti-dumping duty being imposed on the products of Gujarat Alkalies. So, I am suggesting to buy at Rs 388, the closing level. The stock is almost 20 percent down from the earlier top and that is precisely because the anti-dumping duty which was imposed on the products of the industry was lifted and now it is going to be imposed back. The stock has taken a support at around Rs 380, so, I think Rs 380 could be the stop loss which you could have and you can buy this with a target of around Rs 405 in the next few days," he added.
"Tata Chemicals is a trading idea. I am buying the 610 Call at around Rs 15, stop loss at Rs 11, with a target of around Rs 22. The benefits are two-fold. One is that the news about the anti-dumping duty on soda ash is right, then this company will benefit. Also this is one company which is gradually let us say becoming a brand to reckon in the dal business. So, I think this is one stock that we like fundamentally also. For this, it is a trading call."
"Another stock I like is United Spirits where I am buying the 2,400 Call at around Rs 88, with stop loss at Rs 72, and target of around Rs 120," he said.
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