Buy Reliance Power 80 put at Rs 2.50, says VK Sharma

VK Sharma, Head Private Broking & Wealth Management of HDFC Securities advised buying Reliance Power 80 put at Rs 2.50 with a stop loss of just Re 1.
 
Sharma told CNBC-TV18, “Because of the fact that Reliance Power has been beaten down, people would still feel reluctant to make a short call here. But doing it through the options route is the best option. The options are pretty liquid here. I am suggesting buying the 80 put at Rs 2.50 with a stop loss of just Re 1 and hoping to sell this at around Rs 6, which is a gain of Rs 3.50 in the process.”