Buy BPCL 760 Call, sell 800 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "I am suggesting buying Bharat Petroleum Corporation (BPCL) 760 Call at around Rs 21. It is bull spread here; you buy 760 Call and sell 800 Call. In doing so you will incur a cost of Rs 12 when you buy 21 and you get Rs 9. The net profit, if you hold this strategy for the entire series would be around Rs 28. So the risk reward ratio is pretty better, so one can do this bull spread for the current series."

At 09:29 hrs Bharat Petroleum Corporation was quoting at Rs 762, up Rs 5.05, or 0.67 percent. It has touched an intraday high of Rs 768.60 and an intraday low of Rs 757.