CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "When it comes to stock specific selling, Kaveri Seed Company has seen lot of weakness and even open interest addition is seen on the down side. I will be a seller in the stock futures. Have a target on the downside at Rs 495 and a stop loss of Rs 521 is a must."
"I have another sell call on Hindustan Zinc. Again on futures one can definitely sell Hindustan Zinc. Lot of delivery based is also seen with open interest addition on the negative side. Have a target of Rs 270 on Hindustan Zinc futures of current month with a stop loss of Rs 291."
"I have a buy call just to ensure my overall portfolio gets hedged. TV18 Broadcast looks very strong and one can have a target of Rs 60 in futures with a stop loss of Rs 53," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!