Watch the interview of Krish Subramanium of Asit C Mehta Inv Intermediattes with Latha Venkatesh & Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Krish Subramanium's interview with CNBC-TV18.
Adani Ports
Adani Ports has seen some pretty sharp correction the whole of last week and though among long term charts the stock definitely has been going very well. So this correction probably could be coming to an end closer to levels of almost Rs 300 where again we have seen some good amount of put concentration.
We are giving a covered call strategy where one could buy February futures at around Rs 300-304 and correspondingly sell 310 strike call which is quoting at around Rs 7. We are keeping a modest target of about Rs 314 and a stoploss of Rs 293.
IDFC
IDFC after several periods of consolidation in Rs 150-165 range, we saw some break out last month and again at Rs 160 we have seen some enormous amount of put writing. So probably the downside is capped, so we could play for some sort of upside. Given the fact that we are heading towards the Budget and we are recommending a bull spread strategy wherein one could buy 165 strike call at around Rs 6 and correspondingly sell at 175 at strike call, that’s quoting at around Rs 3. So, the net cost comes to about rs 3 and we could keep a target of Rs 7 and may be a stoploss of Re 1.
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