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Last Updated : Aug 21, 2015 11:25 AM IST | Source: CNBC-TV18

Here are VK Sharma‘s top trading ideas

Watch the interview of VK Sharma of HDFC Securities with Latha Venkatesh and Sonia Shenoy 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 VK Sharma of HDFC Securities with Latha Venkatesh and Sonia Shenoy 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 VK Sharma's interview with CNBC-TV18

Banks

"I am suggesting that if you are an investor, buy the Puts in Bank of India, Axis Bank and ICICI Bank to protect your portfolio. If you are a trader, then also buy Put with a stop loss. My strategy at the beginning of the trade is that you buy the 540 Put in Axis Bank at Rs 13 with stop loss at Rs 8 with a target of around Rs 25."

"Similarly, you buy Bank of India 170 Put, at Rs 5, stop loss of Rs 3 and a target of Rs 10. In ICICI Bank, you buy the 300 Put at Rs 6, stop loss at Rs 4 and a target of around Rs 11. You will have to obviously tweak the rates as the market opens," he said.

Tata Communications

"In Tata Communications open interest (OI) has come down and the stock has also tumbled. So, technically it is not a buy. But based on the data, based on the news that has come in, if you sell that data-centre for around Rs 4,200-4,600 crore, that will wipe out almost 50 percent of the debt for Tata Communications. So, from that perspective if you want to trade on this news, then buying the 410 Call at Re 0.5 and selling the 420 Call will bring down the cost to Rs 2.5 and maximum possible profit that you can make in this series is Rs 7.5."




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First Published on Aug 21, 2015 10:07 am
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