Krish Subramanyam of Altamount Capital told CNBC-TV18, "We are recommending a hedge selling of PTC India. PTC has cracked some decisive levels. So one could sell PTC and also sell a 105 strike Put, keeping a target of Rs 101 and a stop loss of Rs 105 and a bear spread in Mahindra and Mahindra (M&M)."
"M&M has also seen some pretty aggressive shorts getting created, but going by the volatility, probably a bear spread would be a better strategy. Buy a 1,380 strike Put and also sell a 1,300 strike Put. So net cost comes to about Rs 23, keeping a target of Rs 45 and maybe one could keep a stop loss of Rs 10," he said.
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