VK Sharma of HDFC Securities suggests buying Canara Bank 260 Call and ICICI Bank 240 Call.
VK Sharma of HDFC Securities told CNBC-TV18, "In Canara Bank, you can buy the 260 call at Rs 9, stoploss at Rs 6 and a target of around Rs 15. That is one stock where open interest has been added to the extent of 15 percent and after the results have been out. Therefore there is no result risk which could be there in other banks."
He further added, "ICICI Bank is another stocks. Quite contrast from what may have been discussed. A lot of selling has been done after the stock came out with bad set of numbers. So, I am buying the 240 call at Rs 9. Stoploss at Rs 6 and target around Rs 14.1,"The Great Diwali Discount!
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First Published on Aug 5, 2016 10:58 am