Watch the interview of VK Sharma of HDFC Securities with Latha Venkatsh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of VK Sharma's interview with CNBC-TV18
Asian Paints
"I am suggesting constructing bear spread in Asian Paints where you buy 700 Put and sell 680 Put. You will expend Rs 30 in terms of buying and Rs 7 will be the amount that you will get, net cost will come to around Rs 6 and possible money to be made in this bear strategy is around Rs 14."
Kotak Mahindra Bank
"In Kotak Mahindra Bank buy 1,280 Put at around Rs 31, stop loss at Rs 20 and target is around Rs 55."
Punjab National Bank
"Punjab National Bank (PNB) has been beaten down. Yesterday it fell 4 percent with open interest still added. So I am suggesting buying 130 Put to protect portfolio of PNB, buy 130 Put at Rs 4.5, stop loss can be at Rs 3 and possibly it will generate Rs 8," he said.
DLF
"DLF has been beaten down. It continues to fall and therefore we still feel there is more legroom in this stock to fall. I am suggesting buying 105 Put at around Rs 2.75, keep stop loss at Re 1 and a possible target of Rs 6 in the current settlement."
Rural Electrification Corporation
"Rural Electrification Corporation (REC) has fallen. I am suggesting buying 270 Put at Rs 4, stop loss at Rs 2 with target of Rs 8."
Dish TV
"Dish TV is a lone stock which I have as a buy but I am willing to buy at lower price. It closed at Rs 102; I am suggesting buying 105 Call at Rs 2 although the closing price or the premium was around Rs 2.9 ,wait for the dip and if you do get it still keep a stop loss at Re 1 and a possible target of Rs 5 in the current settlement," he said.
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