Bhamre told CNBC-TV18, " Chambal Fertiliser has run up quite significantly. We have seen Rs 70 call option, where lot of writers unwound their position. Long positions are getting build up but that is the not the space."
He further added, "Ranbaxy has a strong support around Rs 400 and has potential to probably to go back to Rs 421-425 and probably again there some profit booking might set in."
"Stocks like Tata Power , CESC , even Reliance Power has added lot of open interest near their support levels and are seeing some signs of further buying interest over here. So that is a space one should keep an eye on from a trading perspective."
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