Watch the interview of Krish Subramanyam of Asit C Mehta Investment Interrmediates with Reema Tendulkar & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Krish Subramanyam's interview with CNBC-TV18.
Hindustan Unilever
After some sort of a correction in the last couple of weeks in Hindustan Unilever we are again seen some buying support emerging at around that Rs 875-900. We are also seeing some modest long build up, so we are keeping a plain vanilla buy of 900 strike Call that is quoting at around Rs 34-35. I am keeping a target of Rs 52 and one could keep a stop loss of Rs 20.
Tech Mahindra
Tech Mahindra saw some preferentic rise and after that saw some cooling off. Again we are seeing some sort of Put writing at around 2,850 strike. Last week we also saw, week-on-week almost 10-11 percent long build up.
We are giving a covered Call strategy in Tech Mahindra. One could buy February futures at around Rs 2,936-2,940 and corresponding sell a 3,000 strike Call at around Rs 32. We are keeping a target of Rs 3,000 and may be one could keep a stoploss of Rs 2,880.
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