VK Sharma of HDFC Securities told CNBC-TV18, "One of the stocks that we like is IDFC, which moved up yesterday with the 17 percent open interest in the series and yesterday 3 percent was added. We are buying this stock like all other stocks at a price which is lower than yesterday. I am buying the 57.50 Call in IDFC at a price of Rs 1.20. Yesterday it closed at Rs 1.50. Keeping a stop loss at Re 0.70 and a large target of around Rs 2.50 for the settlement."
"Other stocks that we think that can do well are the IT stocks and some of the smaller ones in IT – Tata Elxsi which did well yesterday, so I am buying the 1,600 Call at around Rs 25 lower than the price of Rs 32 where it closed yesterday, target of around Rs 42 with a stop loss at Rs 50," he added.
"Go long in Tata Steel because a lot of positions have been built in this short span. So, I am buying the 510 Call there at a price of around Rs 8. Yesterday it closed Rs 10.50, keep stop loss at Rs 5 and target of Rs 13."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
