Buy Hexaware Technologies 300 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Technology continues to do well. I think the midcaps, the likes of Hexaware Technologies which have shown an ability to give more dollar revenue, those are the stocks that we like. Although I hold that stock personally, I am suggesting buying 300 Call at around Rs 10 in Hexaware, stop loss at Rs 7 and hope to sell this around Rs 18 in the current settlement."

"I chose IT largely because of the positive signals that the market is going to get from Accenture results. Therefore, Oracle Financial Services Software which doesn’t have options, I would have loved to buy an option. Those investors or traders who are at comfort, conversant with futures can look at it but keep a tight stop loss at around Rs 3,210. Buy the futures at around Rs 3,250 with stop loss at Rs 3,210 and hope to sell this at a price of around Rs 3,350," he added.