Buy Bajaj Finance, Jubilant Food, L&T, TV18 Broadcast: VK Sharma

VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities told CNBC-TV18, "Bajaj Finance although has seen little reduction in open interest in the current series, it is up 3 percent. Some mild position was built on Friday. So I am buying 1,650 Call at around Rs 43, stop loss at Rs 30, with with a target of around Rs 70."

"There are very few stocks in which we have seen open interest (OI) going up in the current series and the stock doing fairly well. Jubilant Foodworks happens to be one of them. I am buying the 2,100 Call at around Rs 57, stop loss at Rs 40, and a target of around Rs 80. This is a stock in which 12 percent OI has been added in the current series," he said.

"In Larsen and Toubro (L&T), 10 percent OI has been added in the series, the stock has not moved up as much, for the series it is just lying where it began. However, I am buying the 1,300 Call here at around Rs 19, stop loss at Rs 12, and a target of around Rs 30."

"TV18 Broadcast is one of those stocks where the OI has been added, the stock has done well as well; 19 percent OI being added in the current series, and the stock is up 11 percent. It was up 3 percent on Friday. I am buying the 65 Call at Rs 1.55, stop loss at Re 1, and target of around Rs 2.5. If it closes above Rs 66.58, it will be a 7-year high," he added.