Buy Maruti Suzuki 6700 Call, sell 6900 Call: Krish Subramanyam

Name: Buy Maruti Suzuki 6700 Call, sell 6900 Call: Krish Subramanyam
Uploaded: 2017-05-12T14:02:21+05:30
Description: Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital is of the view that one can buy Maruti Suzuki 6700 Call and sell 6900 Call.

Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital is of the view that one can buy Maruti Suzuki 6700 Call and sell 6900 Call.

May 12, 2017 / 14:14 IST

Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital told CNBC-TV18, "Maruti Suzuki has been one of those strong counters where one could buy 6,700 strike Call and sell 6,900 strike Call. The net cost comes to about Rs 83 and one could keep a target of Rs 150 and maybe a stop loss of Rs 45."

"State Bank of India (SBI) has again held on very well and in the last few days it has seen some very good consolidation. It seems to be heading upwards. One could again resort a bull spread, buy 300 strike Call and sell a 320 strike Call. Net cost comes to about Rs 5.80-6, keep a target of Rs 13 and maybe a stop loss of Rs 3," he said.

first published: May 12, 2017 02:02 pm

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