Buy Jaiprakash Associates 70 Put: VK Sharma

One can buy Jaiprakash Associates 70 Put at around Rs 3.30, says VK Sharma of HDFC Securities.

Sharma told CNBC-TV18, "Jaiprakash Associates is a stock which is a favourite whenever the going gets tough, this is one stock which is hit and open interest has been added on the shorter side. So my suggestion is to buy the 70 Put which is available at around maybe Rs 3.30 and hope to make Rs 2.70 on this, so I will sell this at Rs 6.