Buy Cipla 700 Call, sell 720 Call: Amit Trivedi

Amit Trivedi of Investworks.in told CNBC-TV18, "Pharma stocks have been quite buzzing. Cipla has moved closer to around Rs 700 levels. So, we are suggesting a call ratio trade over here. You buy a 700 Strike Call option and sell a 720 Strike Call of two quantities. So, the investment is around 50 paisa in this trade."

"If Cipla goes up from here till any value up to Rs 740 you will make money in this trade. Your break even point would be Rs 740 per se," he added.