Watch the interview of Rahul Mohindar of viratechindia.com and Krish Subramanyam of Altamount Capital with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which they shared their reading and outlook on market technicals and Futures and Options (F&O) side of the market respectively as well as specific stocks and sectors.Krish Subramanyam of Altamount CapitalMix of stocks which have shown some momentum and Reliance Communications lead the pack. We have seen some decent spike coming in the last few days and today it is a bit soft but the correction could end soon and we are recommending a covered call strategy wherein one could buy the December Futures quoting at around Rs 17-17.5 but also hedge by selling 80 strike Call and that's quoting around 330. So keep a modest target of Rs 83 and stop loss of Rs 76.The banking counters have not been performing but going with the big event, we feel that the banks will become very volatile. So we are recommending buying strangle in Union Bank of India which breached certain critical technical levels but volatility could be huge and we are recommending buying of a 140 strike Put that is quoting around 4 but also buy 150 strike Call and that is quoting around 330. So the total cost comes to about 730, keep a target of Rs 13 and a stop loss of Rs 4.I have a buy call on Coffee Day Enterprises, the recent listing but took a severe knock in the last few months but have seen some good buying coming about levels of Rs 250-260 and today it is up in action, quoting around Rs 265. This could be heading towards the target of Rs 275. So we recommend a buy, keep a stop loss of Rs 259.Mahanagar Telephone Nigam (MTNL) was very much in action yesterday; in fact technically it has seen some good breakouts, clearing some good technical levels. Today it is a bit soft but one could buy technical, probably accumulate for a possible target of Rs 27 with a stop loss of Rs 21 is also recommended.Rahul Mohindar of viratechindia.comI have a buy on Crompton Greaves. The stock is worth a buy at current level with a stop loss at Rs 180. We have a short-term price target of about Rs 205 which we could expect in a couple of weeks from now. The reason we are picking this stock is because we have seen a lot of consolidation on Crompton Greaves. If we look at it over the last six months, Rs 150-200 is a big range it has been in and we are betting on the fact that we are breaking out of a major consolidation. So this can be even held into for a longer term as well but short-term opportunity with Rs 180 stop loss also looks fairly interesting on the intraday charts.Indian Oil Corporation (IOC) has been correcting over the last few days and we think that this stock could once again start running up; in fact today intraday itself we have started seeing some strength. So over Rs 404 stop loss, we expect IOC to hit levels of Rs 445 to Rs 450 in the near term. We are seeing major consolidation in the stock of Rs 320 to about Rs 415. It has been a big range that it has broken out over the past two weeks. So we are looking at the stock even from a longer term perspective.IDBI Bank, we think we will see turnarounds in some of the banks in the short-term, Rs 79.50 being a stop loss. We are looking at target of Rs 87. We have held Rs 81 level twice in November and once again we are potentially sitting at an intermediate bottom at these levels with a small stop of Rs 79.50. It looks worth a go; in fact we broke out the 200-week moving average as well last week, so will set up well on the medium-term too.
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