Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation would be buy on Bank of Baroda Futures. We have seen the stock coming out of trading range. 170 Call Option had the highest concentration. It is now trading above that. 170 Put Option has added a lot of open interest (OI). It can test levels of Rs 180 before expiry, one can have a stop loss of Rs 170 and go long."
"Second would be a buy on Reliance Capital. With stop loss of Rs 608, one can go long in futures for target of Rs 630," he said.
"ONGC looks weak. We have seen consistent short positions getting built in the name. The level of Rs 190 was the earlier major support trading below that incremental shorts are seen getting built. It can test levels of Rs 182-180 levels, with a stop loss of Rs 190.5 one can sell ONGC."
"In Sintex Industries, one can go long on 110 Call Option for the April series if you get decent volumes. Rs 100 was a very massive resistance, a lot of writing was seen in 100 Call option. For last three series, it was failing to cross those levels. In all likelihoods, we would be closing the series above Rs 100. If that is the case, it can test levels of Rs 115 by mid-April in which case 110 Call option would be a lucrative buy."
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