Buy 1300 call of Axis Bank: VK Sharma

Buy 1300 call of Axis Bank, says VK Sharma, Head, Private Broking & Wealth, HDFC Securities.

Sharma told CNBC-TV18, "Among the larger private sector banks Axis Bank did pretty well. It would open lower today and I will buy 1,300 call which quoted at around 52 yesterday, maybe if it slips of 35-38 I will buy that and hope to sell that around price of around 60, will keep a stop loss around 20."
He further added, "Among the public sector banks Canara Bank did well but Syndicate Bank also looks attractive. Options are not liquid here, the stock in the cash market closed at Rs 115 so I will buy the futures at around 113.50-114, keep a stop loss of 112 and hope to make Rs 5 here."