Buy Bharti Airtel 400 Call: VK Sharma

Sharma told CNBC-TV18, "One can buy Bharti 400 Call at around Rs 8 although the premium is higher. So you wait for some correction here and buying that Rs 8 call and hoping to sell it at Rs 15 is my strategy with a stop loss at Rs 6. One would expect that you don’t buy at the open."

He further added, "Similarly cement stocks have done pretty well on hopes that the fuel costs for them will come down and Ambuja Cements is a good stock. At Rs 170 you can buy the 170 Call at around Rs 6 and I will put a stop loss of Rs 4 and hope to sell it at least Rs 5 gain. So, cement as a sector could do well although positions were built all along except Reliance communication in telecom as well."