Jitendra Panda`s view on Reliance Power

Jitendra Panda, Future Capital Securities is of the view that Reliance Power could be one stock which you could look to buying at Rs 130 levels and certainly should look at selling the Rs 150 call option.

If you are looking at the ADAG Group, we have seen some since power sector is also doing well - Reliance Power could be one stock which you could look to buying at Rs 130 levels and certainly should look at selling the Rs 150 call option because you need to protect your downside also by some amount of money. So look for a covered strategy. So buy the future at current market price and wait for the results to come and sell the Rs 150 call option to protect your downside, at least some amount of money.