Buy Reliance Industries, DCB Bank, Federal Bank: VK Sharma

VK Sharma, Head of Business, Private Client Group at HDFC Securities told CNBC-TV18, "The smaller private banks are the ones which are doing well and I think it is better to continue with those stocks. DCB Bank is one which we like where positions have been built to the extent of 41 percent in the series. I am buying the 210 Call at Rs 6.3, stop lloss at Rs 5 and a target of Rs 9."

"Federal Bank on the other hand is a different game altogether where we have seen positions being curtailed. So, people have essentially booked profits there or they have covered their shorts. The longs are still to built-up and the stock has gone up 7 percent this series, 2 percent yesterday. Therefore, I am tempted to buy the 120 Call at Rs 3.3, stop loss at Rs 2 with a target of around Rs 5.5," he said.

"Strategy on Reliance Industries is that I am buying the 1,400 Call at around Rs 21, stop loss at Rs 15, and target around Rs 35. We believe that this stock has seen lot of positions being pruned, they have not been added. So, I think after some time the stock should see gradually up and we could see our target of Rs 35 being achieved in the current settlement"," he added.

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