VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities is of the view that one can buy Sun Pharmaceutical Industries, TCS, UltraTech Cement and Bajaj Finance.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities told CNBC-TV18, "The best today of course is Sun Pharmaceutical Industries where we have seen no price increase yesterday but some kind of a mild 8 percent open interest being added in the current series. The stock is up only 1 percent in the current series."
"I am buying the 580 Call at around Rs 14, keeping a stop loss at Rs 10 with a target price of Rs 21. Of course the fundamental good news will also help the markets and the company in terms of going up."
"Another stock that I am recommending with some kind of safety is Tata Consultancy Services (TCS) because there is no risk here. The results have come in so there is no need for any kind of a negative surprise there. I am buying 2,850 Call at around Rs 33 with a stop loss at Rs 20 and a target around Rs 60."
"Bajaj Finance has given some kind of a negative signals here. Yesterday OI was added on the short side and in the overall series also we see shorts happening. So, just for investors who are holding this, I think they will do well to buy the 1,650 Put which it available at around Rs 22. Keep your stop loss at Rs 15 and probably a target at Rs 35," he said.