Buy Aurobindo Pharma, target of Rs 190: VK Sharma

VK Sharma of HDFC Securities advice traders to buy Aurobindo Pharma for target of Rs 190.

Sharma told CNBC-TV18, “ICICI Bank is a stock which has done well, position wise open interest has been added and my own suggestion is that this is a developing scenario, you don’t really know till the last moment whether the elections will be there or they will be delayed.”
He further added, “If the results are delayed then you bid your time and you buy the Rs 1080 call which was available at around Rs 30 yesterday to bid your price at around Rs 25. So buy at Rs 25, keep a stop loss of Rs 15 and hope to make another Rs 20 on this.”
“Aurobindo Pharma is one stock which continues to make higher tops and the downtrend in this stock has finished. So we can see a target of may be around Rs 190 in the current series. I am suggesting buying the 180 call which was available at around Rs 5.2, buy it around Rs 4 and hope to sell at Rs 8.”