Buy Century Textiles 680 Call, sell 700 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Century Textiles was in derivatives spree, open interest has reached a level where no positions were allowed. On Friday it came out of that so we will see fresh positions being built. On Friday it was up by 1 percent, I am suggesting in Century to buy 680 Call, it is a bull spread what I am suggesting, you buy 680 Call and sell 700 Call. You buy at Rs 13 and sell at Rs 7, your cost comes to around Rs 6, maximum possible profit is around Rs 14 so if you do this, you have to hold on for the current series."

"In M&M Financal Services, we have seen almost 11 percent position being built in the current settlement, 10 percent of that has come in yesterday, the stock went up only 1 percent, so considering the fact that a huge open interest was built and the stock hasn’t moved up that much, I am suggesting buying 270 Call at Rs 3.5, stop loss at Rs 2 and possible target of Rs 8 for the current series," he said.