Buy Aurobindo Pharma 740 Put, Granules India 150 Call: Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "Among stocks, I would recommend going long on Aurobindo Pharma 740 Put Option. We are seeing some amount of trading shorts getting created around Rs 800. A small breakdown is also seen at Rs 770-775 levels. It is trading below that. So, with a stop loss of Rs 7, one can go long on this option and the targets would be Rs 18.""A buy on Vedanta. Good amount of long positions on a consistent basis is been seen, lot of buying and out of the money Call Options 115, 121-125 have started good amount of buying. With a stop loss of Re 1 one can go long for targets of Rs 7," he said."Final buy would be Granules India 150 Call Option. The target would be Rs 5 with a stop loss of Re 1. The rationale being a significant longs have been seen getting built. Today it has not seen that amount of longs, but already a breakout has been seen, lot of longs have been seen getting built, option have become very active. So, there is chance it may test levels of Rs 150 in cash levels in the next two or three trading sessions."