Buy Federal Bank 130 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Although Federal Bank did well yesterday, open interest increased by 11 percent, the stock also went up by 8 percent. So one needs to look at Rs 136 as an all time high for the stock. Therefore today because of the overall market falling, there is a good amount of comfort in terms of buying when the stock dips."

"I will suggest buying the 130 Call at around Rs 4, the premium yesterday was Rs 5.8 so you wait for the dip, stoploss at Rs 2 and hope to make around Rs 8. This is one of the strongest stocks in the private sector banks," he said.