Buy Federal Bank 130 Call, Karnataka Bank 170 Call: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "The financial space has been buzzing the entire week. We have two calls, couple of stocks which have actually gone into some sort of a correction."

"First one is Federal Bank. From the long term charts, it still looks extremely promising, but the stock has seen some correction this week. So one might be better off buying 130 strike Call that is quoting at around Re 1 and keep a target of Rs 2, and one could keep a stop loss of Re 0.50."

"Second one is Karnataka Bank. The stock is showing a lot of promise, it needs a breakout past Rs 165 to really head higher. Today also it is showing some strength. So, one could possibly resort to buying of 170 strike Call that is quoting at around Rs 3.5-3.75, keeping a target of around Rs 6 and one could keep a stop loss of Rs 2.25," he said.