VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities told CNBC-TV18, "Bajaj Auto is a stock which will benefit not only from the economy, traction in the economy which we are going to see but also from the increased export numbers because it seems to have got its mojo back. So I am buying 3,150 Call at Rs 73, stop loss at Rs 50 and target of around Rs 125."
"In case of Eicher Motors I am buying 31,500 Call at around Rs 670, stop loss at Rs 500 and target of Rs 1,000. Tata Motors closed at Rs 402 on Friday with 6 percent open interest (OI) and with no increase in the price. I am buying 410 Call at Rs 11, stop loss at Rs 8 and target of around Rs 18. Between these stocks, Bajaj Auto has the maximum steam," he said.
"I will look at Bharat Petroleum Corporation (BPCL) because the crude oil which fell yesterday should help this particular stock. If we have seen last 25 years and if you look at West Texas Intermediate (WTI) crude in the US, it has fallen almost 7.5 percent in Q4, October to December, so this augurs well. This is one factor which will also help Nifty because off late we have been worrying about the crude prices rising. So that should give some further leeway to the Nifty per se. So in BPCL I am buying 480 Call at Rs 12, stop loss at Rs 9 and target of around Rs 18."
"Titan Company happens to be beneficiary of festive season that lies ahead. So, I am buying 600 Call at Rs 14, stop loss at Rs 10 and a target of around Rs 23," he added.
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