Buy Indian Oil Corporation 440 Call, sell 450 Call: VK Sharma

VK Sharma, Head of Business, Private Client Group at HDFC Securities told CNBC-TV18, "One stock that will definitely be on my list today is buying 440 Call in Indian Oil Corporation (IOC) and selling 450 Call that gives you a bull spread and cost comes to Rs 3 and maximum profit that you can have is Rs 7. With oil prices going down, this should do well."

"One stock that came last month on this series was Suzlon Energy. This was the stock which has been knocking on the doors for the last 20 months but got entry only in last month. I am suggesting a bull spread here, you buy 20 Call at 45 paisa and sell 22.5 Call at 15 paisa. So your cost comes to 30 paisa and your maximum profit is Rs 2.20. The open interest (OI) which his added, whatever new additions were there were for the OI was 260 percent. So these are stocks where people who are technically looking at it, can buy, should the cash market close above Rs 20.50," he said.

"You have Sun TV Network. The best way to do is to construct a bull spread. You buy 860 Call and sell 900 Call. The cost comes to around Rs 8 and maximum possible profit comes to Rs 32. Traders want to go long in it."

"L&T Finance Holdings is a clean buy. This is a stock which added 21 percent of OI in the current series. So I am buying 125 Call here at Rs 3.4, stop loss at Rs 2.5 and possible to make Rs 1.4 by selling it around Rs 5."