Buy DLF 115 Call, advises Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "We are actually seeing some sort of consolidation in DLF in the band of Rs 110-115. Even for the July series the rollover suggested that lot of shorts went out of the system and we feel that, we are a bit bullishly inclined. Therefore recommending buying of 115 strike Call which is quoting at around Rs 3.50. One could keep a target of Rs 7-8 and may be a stop loss of Re 1 or Rs 2."

At 13:14 hrs DLF was quoting at Rs 114.75, down Rs 1.35, or 1.16 percent. It has touched an intraday high of Rs 116.85 and an intraday low of Rs 114.20.

Disclosure: Analyst has recommended the strategies to his clients at large but personally has no positions.