Buy HDIL 72.50 Put, Motherson Sumi 260 Put: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "You cannot sell DLF because it is already in to the frozen zone. I think shorts have not still happened on HDIL. What we are seeing is essentially unwinding of the longs that were made earlier. So I am suggesting to buy 72.5 Put at around Rs 3.8 with stop loss at Rs 3 with a target around Rs 6.""In the series if you look at Motherson Sumi 31 percent open interest (OI) has been added and the stock closed on the lower side. So essentially shorts have been built in the series. Yesterday also positions have been built to the extent of 8 percent. So I am suggesting to buy 260 Put around Rs 9, stop loss at Rs 6, with a target of around Rs 15," he said.