Buy Idea Cellular 165 Call, says VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "When Idea Cellular broke out last month, I said this is a stock which will make a new high and it eventually did. It still continues to be a good bet, but you cannot buy all stocks at the current market price."

"Although positions have been built here, investors or traders can look at buying the 165 Call which is close at around Rs 6; Rs 4 in case you get an opportunity. If you don't get an opportunity, let it pass. But if you do get an opportunity, you can hope to sell it around Rs 8, keep a stop loss at Rs 2 in this," he adds.