Buy Hexaware Tech, Cairn India: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation would be a buy on Hexaware Technologies. We have seen good amount of long positions in last couple of trading sessions from Rs 195-198 levels. If it sustains the current level, it may test levels of Rs 215-220 by this week. On that premise, one can go long on 220 Call option, target of Rs 5 and stop loss of Re 1." "Cairn India has already moved up, so, now one can buy 250 Call option with a revised stop loss of Rs 4.5 and play for targets of Rs 14," he said."In Biocon, we have seen multiples times and some amount of trading shorts are seen getting built. Near the support levels, one can preempt to buy 860 Put option for target of Rs 30 and stop loss of Rs 14.""In Yes Bank, 1,180 Put option is seen consistent short positions getting built, Buy with a target of Rs 35, stop loss of Rs 10.