Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "First trade is a buy on Havells India. The stock has recently given the breakout from a symmetrical triangle pattern and witnessed the correction from higher levels. So recommending to buy on small declines with a stop loss of Rs 460 for an upside target of Rs 490."
"Second trade is a buy on NTPC. We have seen strong buying interest in the counter with built up of long position. It has given a consolidation breakout with the significant surge in the volume as well as the open interest activity. So, the major trend is positive. Here also I will suggest to buy on a small dip with a stop loss of Rs 171 and expecting this stock to head towards Rs 185."
"Punjab National Bank (PNB) is a sell where we have seen built up of short positions with Call writing at 145 and 150 strike. So, here I am recommending to buy 145 Put with a stop loss of Rs 2 and this Put can go up towards Rs 8 and stock can correct towards Rs 140 kind of levels," he said.
"The last trade that is option Bull Call Spread, recently we have seen the strong breakout on IT heavyweight Infosys
. We had recommended buy couple of days back and still expecting this stock to start fresh leg of rally. The stock has surged up with Call unwinding and Put writing activity. So, expecting this stock to head towards Rs 155-160. So one can be with bull Call Spread by buying 1,020 Call and selling 1,060 Call and in the entire strategy risk is only 12 points. If stock moves up, then one can get profit of around 28 points. So, a 1:2 risk reward ratio and expecting Infosys to continue its positive momentum," he added.