Buy BPCL 700 Call, says Krish Subramanium

Krish Subramanium of Asit C Mehta Investment Intermediattes told CNBC-TV18, "The oil marketing companies (OMCs) have been on a roll for October series and after reaching closer to Rs 720 levels Bharat Petroleum Corporation Ltd (BPCL) retraced. However again we are seeing some interest rate buying coming up at about Rs 690 levels. So we feel that should be a good bet for the November series. So we are recommending buying of 700 strike Call of the November series.”

“The liquidity is less but slowly it will come, so one could possibly buy at the range of Rs 20-25. One could keep a target of may be Rs 50 or even Rs 60 and one could keep a stoploss of Rs 10 or Rs 15,” he added.