Buy Asian Paints 1100 Call, IDFC Bank 60 Call, Bajaj Finance 1350 Call: VK Sharma

VK Sharma, Head of Business, Private Client Group at HDFC Securities told CNBC-TV18, "Asian Paints is a good stock to be comfortable with. Comfortable if the index is going up, FIIs are going to buy this Nifty constituent and the fact that cyclical nature of the market does suggest that FMCG is now coming back into play. So, I am buying the 1,100 Call at around Rs 8, with no stop loss and target of around Rs 20. That is the Nifty stock."

"Another stock is IDFC Bank. We have seen position being built in the series till about 48 percent and buying 60 Call at Rs 1.20, stop loss at Re 0.70 and target around Rs 3."

"Things which are continuing to do well, continue to do well. So, anything which has not broken, you don’t need to change it. So, I am buying Bajaj Finance 1,350 Call at around Rs 16, stop loss at Rs 10 and target of around Rs 25."

"In case of Marico which have seen position being built to the extent of 7 percent yesterday, I am buying the 310 Call at around Rs 4, stop loss at Rs 2 and a target of around Rs 7," he said.

"Suzlon Energy's weekly charts are doing fantastically well. A break above Rs 19.80 will result into surge, which has happened now. So, people who are holding that call may have booked profits. However, even now I am suggesting to buy the 20 Call at Re 0.95, stop loss at Re 0.60 and target around Rs 1.80 in the current series," he added.