Buy SBI 2100 Call: Murlidharan

Buy SBI 2100 Call, says Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL Premia.

Murlidharan told CNBC-TV18, "If we go by weightage, SBI is trading at Rs 2069 or Rs 2070. So the better way to trade such a market because if you see the Bank Nifty has rallied so much. So, 2100 call option would be hardly at Rs 2-3. That is a better way to go ahead and buy that and possible we can get around Rs 11-12 on that. Same goes with the ICICI Bank, so we can go ahead and buy out of the money call option but do not go long on futures."
He further added, "The only reason why I am saying this is because in Nifty we are seeing some short rollovers and possible that can be a hedge but we are not sure about that though as of now it