Buy TVS Motor, Tata Elxsi, Kotak Mahindra Bank, Yes Bank, IDFC Bank: VK Sharma

VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities told CNBC-TV18, "One of the sectors that we like is the IT. Obviously Infosys is a play that everybody knows, but Tata Elxsi is a stock which we have seen 13 percent open interest (OI) being added yesterday. The stock price was also up 4 percent and for the series we have seen 22 percent OI being added. I am buying the 875 Call here at around Rs 24, keeping a stop loss at Rs 18, with a target of around Rs 35."

"Another stock that we like from the non-Nifty space in the F&O segment is TVS Motor where I am buying the 680 Call at around Rs 13.5, stop loss at Rs 10, and a target of around Rs 20. This again is a stock which has seen 24 percent addition to OI in the current series."

"I have a strategy on IDFC Bank. I am suggesting a bull spread, constructing a bull spread where you buy the 65 Call and sell the 70 Call; your cost would come to something like Rs 1.25 and the maximum possible profit would be Rs 3.75. It is clear that I am betting on the longer side in this particular stock for the current series," he said.

"Kotak Mahindra Bank at an all-time high. This is a stock which we like fundamentally also and derivative wise also it is okay - 10 percent open interest (OI) added in the current series and the stock is up 4 percent; I am buying the 1,050 Call at around Rs 20, keeping a stop loss at Rs 14, and a target of around Rs 30 here."