Buy Hindalco Industries 180 Put, LIC Housing Finance 720 Put: Krish Subramanyam

Krish Subramanyam, Co-Head Equity Advisory of Altamount Capital told CNBC-TV18, "We are advising buying of Put in Hindalco Industries - 180 strike Put. One could buy this quoting at around Rs 2.50-2.70. We are keeping a target of Rs 7 and maybe one could keep a stop loss of Re 1."

"LIC Housing Finance has seen quite a bit of struggle this week and even when the market was recovering, was seeing weak moves. The rolls have also not been very encouraging. Probably one could resort to buying of 720 strike Put that is quoting at around Rs 11-12 and one could keep a target of Rs 23 and maybe one could keep a stop loss of Rs 6," he said.