Buy Arvind 310 Call, sell 340 Call: Krish Subramanyam

Krish Subramanyam of Asit C Mehta Investment Interrmediates told CNBC-TV18, "Arvind has seen some very smart open interest price in the last couple of days. Today also the same momentum seems to be continuing. It has also broken past an all time high. So, looks like the near term momentum should continue."

"We are giving a bull call spread wherein one could buy a 310 Strike March call that is quoting at around Rs 21 to Rs 23 but correspondingly also sell a 340 Strike call, that is quoting at around Rs 8-10. So the net cost comes to about Rs 13. So we are keeping a target of Rs 25 one could keep a stoploss of Rs 5," he added.