Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation is a buy on DHFL 170 Strike Put option. If you look at the open interest (OI) versus price point, it has seen good amount of longs and strong upside was seen. From Rs 180 we are seeing unwinding happening and some trading shorts are also getting into this stock. That is the reason why even with such a gap up opening on Nifty and wonderful performance by many of the other stocks, this particular stock is feeling the pressure. It can test levels of Rs 165 in the next few trading sessions. I would recommend going long on 170 Put for target of Rs 5 having a stop loss at Re 1.""Second stock is a sell on IndusInd Bank. This is another bank to witness good amount of pressure. It has seen good amount of longs with unwinding seen. Out of the many Put options have witnessed some amount of buying action. Now, Rs 925-930 is a zone from where we are seeing strong reversals happening. So, until and unless, this stock does not trade above Rs 935, it would not be a strong buy at least in my case. There are some other private sector names that are looking much better than IndusInd bank. One can sell the stock for targets of Rs 880 and can have a stop loss at Rs 935," he said. "The first buy recommendation would be on JSW Steel. It has given a good breakout, fresh longs are seen getting built. Out of that many Call options, Rs 1,220-1,240 are seeing good amount of buying. One can initiate a long position on 1,240 Call for target of Rs 30 having the stop loss at Rs 12.""Final recommendation would be a buy on Ceat 1,120 Call option. I was quite negative on this stock and it hit the targets as well; Rs 1,285-1,290 was the level from where we have seen good amount of trading shorts into this stock. I anticipate a good amount of short covering and followed by fresh longs in the stock. It can touch levels of Rs 1,150 in the current series itself. I would recommend going long on the 1,120 Call for target of Rs 25 having the stop loss at Rs 9."
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