Moneycontrol
Get App
Last Updated : Aug 07, 2015 02:37 PM IST | Source: CNBC-TV18

Here are TS Harihar's top trading ideas

Watch the interview of TS Harihar of HRBV Client Solutions with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.

Watch the interview of TS Harihar of HRBV Client Solutions with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.

Below is the verbatim transcript of TS Harihar's interview with CNBC-TV18

Telecom

"We are betting on outperformance of Idea Cellular vis-à-vis Bharti Airtel and the reason we are sceptical on Bharti is that there was an expectation that Bharti Airtel would hive off its African towers business. I think that has not happened to a substantial extent. If you look at the last quarter results and if you take out the extraordinary numbers, the numbers were disappointing."

"Therefore, we are suggesting going long on Idea Cellular through Options and go short on Bharti Airtel through Options. So we are suggesting buying 420 Bharti Airtel August Put at Rs 9.50 and simultaneously buy Idea Cellular 170 Call at Rs 5. So the total premium that you pay will be the maximum loss on this strategy and we expect this strategy to benefit from the outperformance of Idea vis-à-vis Bharti Airtel," he said.

State Bank of India & ICICI Bank

We have changed our view in the last 15 days on public sector undertaking (PSU) banks because of the recapitalisation and better NPA controls been put in place could outperform the private banks. We believe that State Bank of India (SBI) within the PSU banking space could outperform ICICI Bank within the private banking space largely because ICICI seems to be fairly stressed both in terms of bad assets as well as in terms of its fairly overt exposure to one group. So these are the concerns that already been expressed."

"We are suggesting that one should buy State Bank of India (SBI) August Futures at Rs 287 and simultaneously sell ICICI Bank Futures in the range of Rs 312-314. However, it is not a kind of a statement on the negative movement or positive movement of stocks. It is more about the outperformance of SBI vis-à-vis ICICI Bank," he said.

Disclosure: Neither analyst nor his company has any exposure to the stock.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 7, 2015 12:23 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant