Buy Aurobindo Pharma, Ashok Leyland, ICICI Prudential, IndusInd Bank: VK Sharma

VK Sharma, Head of Business, Private Client Group at HDFC Securities told CNBC-TV18, "I am playing safe. I am buying the autos and pharmaceutical - the ones which are doing well, and the banking sector where I think a fresh impetus has been seen in some of the stocks. However, considering the fact that the US markets are closed and we also have these geopolitical considerations, so except Aurobindo Pharma, I am buying all my stocks at slightly lower than the levels at which they closed yesterday."

"So, I begin with Aurobindo Pharma where I am buying at the 760 Call at around Rs 29, stop loss at Rs 24, and a target of around Rs 40. This I believe is doing well as compared to the 9 percent open interest (OI) which has seen being adding yesterday."

"Another stock that I will buy is Ashok Leyland, but here I am buying the 115 Call at around Rs 2.50. On Friday, it had closed at around Rs 3.3, keep stop loss at Rs 1.5 and a target of around Rs 5,"  he said.

"ICICI Prudential among the larger ones is which we like. I am buying the 450 Call at around Rs 11. Yesterday, it closed at Rs 13.5, so, I am buying at a slightly lower level, keeping a stop loss at Rs 8 and a target of around Rs 18."

"Similarly, another banking stock is IndusInd Bank where we saw open interest being added to the extent of 10 percent. I am buying the 1,700 Call at around Rs 26, stop loss at Rs 20. Yesterday it closed at around Rs 30 and a target of around Rs 35," he added.