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Last Updated : Sep 08, 2015 12:26 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

State Bank of India & ICICI Bank

"We are expecting the public sector undertaking (PSU) banking space to outperform the private banking space. There are couple of reasons - one, the recapitalisation plan which is going to be a major booster for the PSU banks but more importantly the reason Reserve Bank of India (RBI) notification to shift the banks' base rate calculation from average cost of funds to marginal cost of funds is going to be negative as far as private banks are concerned."

"We are recommending buying State Bank of India (SBI) September Futures at about Rs 224 and simultaneously sell ICICI Bank Futures at about Rs 255. The idea here is to play on the outperformance of SBI vis-à-vis ICICI Bank," he said.

Pharma

"Once this market stabilises around 7,400-7,500 levels on the Nifty, we could see the pharmaceutical stocks leading the recovery in the market. Once the pharma stocks lead the recovery, we will be trying to play that by taking an equal position in Sun Pharmaceutical Industries and Lupin. But at the same time we also expect that the non-defensives would keep the Nifty down. So we are hedging that position by selling two lots of Nifty. So essentially it is betting on the pharma sector, outperforming the Nifty overall."

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First Published on Sep 8, 2015 12:00 pm
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