Buy Hexaware Technologies 260 call, advises VK Sharma

VK Sharma, Head Private Broking & Wealth Management at HDFC Securities told CNBC-TV18, "Hexaware Technologies is relatively a cleaner stock where we have seen positions being built to the extent of 70 percent in the series. However, yesterday only 3 percent open interest (OI) was reduced."He further added, "It has closed comfortably up yesterday, I am suggesting to buy the 260 Call at the current rate of Rs 6.8, stop loss at Rs 5 and target around Rs 12. It is important to note that it has closed above its 200-day moving average which makes it all the more worthwhile."At 09:54 hrs Hexaware Technologies was quoting at Rs 257.10, up Rs 3.70, or 1.46 percent. It has touched an intraday high of Rs 257.40 and an intraday low of Rs 253.55.