Buy HDFC 1140 Call, sell 1200 Call: Krish Subramanyam

Krish Subramanyam of Asit C Mehta Investment Intermediates told CNBC-TV18, "HDFC saw strong price action on Friday and of course today we are seeing some sort of cooling off but based on the derivative activities as well as the price action it has broken past strong resistance level. We feel that we could do some sort of a bull spread strategy."

"One could buy 1,140 strike Call, that is quoting at around Rs 46 and sell at around 1,200 strike call which is quoting at around Rs 15. So the net cost comes to around Rs 31. One could keep a target of Rs 55 and may be a stoploss of Rs 15," he added.