Buy SBI 1850 Call: VK Sharma

Sharma told CNBC-TV18, "Although SBI was one stock which had started going up even before the overall market had done well, that was largely on the course of the cut in the deposit rates. But this is a stock which has seen quite an amount of shorting happening. So if at all the markets have to revive, they have to ride back on SBI."

He further added, "I am suggesting bank the 1850 Call of SBI at around Rs 57 where it quoted yesterday and in case people find it expensive then because the market will open higher, then may be buying the 1900 Call which was available around Rs 25 may be a good strategy. If you are buying the 1850 Call, keep the stop loss at Rs 40 and hope to double your premium you pay in the current series."