Buy Reliance Industries Jan 740 Put around Rs 28: Sharma

Sharma told CNBC-TV18, “Most of the high build has been build around Reliance Industries largely because of the fact that there was a meeting of the brothers taking place. I think the markets are much bigger than this overall. I think Reliance could further surprise us in terms of going down. The short side happened and they are still continuing so buying the 740 put at around Rs 28 keep a stop loss of Rs 20 and hope to make Rs 17 on your put so that will be my strategy for Reliance and among the largecaps the banks are the ones which will further go down.”