Buy SRF 1700 Call, Engineers India 160 Call: VK Sharma

VK Sharma, Head of Business - Private Client Group at HDFC Securities told CNBC-TV18, "SRF has done well for itself, almost rising 20 percent in the current series. Open interest (OI) has been added by around 5 percent. However, in terms of OI, yesterday the OI has reduced by 2 percent and the stock went up by 3 percent. So, I am buying the 1,700 Call here. Although close was around Rs 30, I am buying it around Rs 26-27, stop loss at Rs 21 and a target of around Rs 42."

"Engineers India (EIL) is another stock which has really done well for the series. It is mildly up 4 percent, but the OI has been added 9 percent. So, I am buying the 160 Call at around Rs 2.7, stop loss at about Rs 1.8 and a target of around Rs 4.5. This is a company which will also benefit from the expansion of refineries which currently capex is on. Even today, we have the news of Numaligarh Refinery going in for an expansion," he added.