Buy Tata Global Beverage 145 Call, Dabur India: Amit Gupta

Amit Gupta of ICICIdirect told CNBC-TV18, "If I have to count the private banking stocks which have seen this kind of Writing then it is Axis Bank. 500 Strike yesterday was seen of almost 650 contracts. So, it is a good amount actually which has been added on the short side and which can keep this stock actually now very much subdued towards the March series. So, I think in the banking space, particularly there may be some kind of selling pressure which we can see in the coming 2 or 3 sessions." 

"ITC has remained one of the good heavy weight actually in Nifty and which support the market. 265 Put Strike has been written in ITC. So, that remains a very crucial support now and that is why we are giving some midcap ideas from the FMCG space to our clients which have not participated that much so far in the market like Tata Global Beverage and Dabur India," he said. 

"So, in Tata Global Beverage, we have initiated the buy call option kind of strategies for March series where Rs 2-3 of premium is there. So, if one can buy 145 Call then it is possible the stock can move towards Rs 150 or higher levels in the coming days. So, one can be the beneficiary of that." 

"Another is Dabur India where I think yesterday also 2-3 percent of short closure was there."