VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities told CNBC-TV18, "You can find bullish trades even in a bear market. In 2008, there were two stocks which did well after the S&P 500 despite 498 of them closing lower. So you can even find in a bear market of 18 months, I think it is good to find even stocks now."
"The stocks that I have come to are Tata Global Beverage and Titan Company. There are two stocks from the Tata’s tables and they have done pretty well this month and the series. Also, we have been regularly putting these stocks up for investors to trade.
"I like Tata Global merely from the sense that we have seen open interest being reduced by 16 percent. The prices have gone up 19 percent in the current series. I am buying the 255 Call at Rs 5.75, stop loss at Rs 4 and a target of around Rs 9. In Titan, I am buying the 780 Call at Rs 16, stop loss at Rs 12 and target of Rs 25," he said.
"I am buying Asian Paints and buying Put options in Bata India. Essentially we saw positions being built in Asian Paints but overall for the series, the stock was down 1 percent. So, I think the short covering has begun from yesterday in Asian Paints. The results were better than expected earlier. So I am buying the 1,200 Call at Rs 15, stop loss at Rs 8 and target of around Rs 30 which essentially doubles the premium."
"I am suggesting to buy Bata India Put. 740 Put can be bought at Rs 17, stop loss at Rs 13 and target of around Rs 25."
"India Cements is a case where we have seen some kind of a short covering. Yesterday, the positions were reduced, the stock went up by 1 percent. I am buying the 170 Call at around Rs 5, stop loss at Rs 3.5 and a target of around Rs 8. It does not mean that it is going to cross its all-time high, but I think a bounce back is in the offing," he added.
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