Buy Dena Bank 100 Call, says VK Sharma

VK Sharma, HDFC Securities is of the view that one can buy Dena Bank 100 Call.

Sharma told CNBC-TV18, "The best infrastructure play would continue to be IDFC but if you were to look at banks, my sense is that among the smaller banks, Dena Bank worked out quite well yesterday. It was normally against the general trend of the banking sector where a lot of open interest was lost. Here is a bank that built open interest."
He further added, "I am suggesting buying the 110 call at around Rs 3.4, keep a stop loss at Rs 2 and you would possibly double your money or the amount of premium that you put possibly you could end up selling at around Rs 8. So keep a stop loss of Rs 2 and buy this 100 call at Rs 3.4."