Buy HCL Tech 980 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "We still believe that there is strengthening in the dollar. IT is the space which could act as a storm shelter and we have chosen HCL Technologies. Although we like stocks in the sector which are not there -- Persistent Systems for instance -- among the derivatives I am recommending HCL Technologies primarily because we did see open interest (OI) being built yesterday on Friday to the extent of 2 percent around 1 percent the stock went up."

"I am suggesting buying the 980 Call at around 15, stop loss at 8 and hope to probably if dollar continues to strengthen may be at the price of Rs 30 in the current settlement," he said.