Buy ICICI Bank 270 Call, IDBI Bank 77.50 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "IDBI Bank has done well in the last series, risen almost 10 percent although people have used the buoyancy in the stock to gradually proven their positions. Yesterday in case of ICICI Bank positions were added to the extent of 3 percent, the stock went up by 1 percent. So, I am buying the 270 Call of ICICI Bank at around Rs 7, it had closed around Rs 9 yesterday, so during the day you might get an opportunity to get ICICI Bank at a lower price. Buy the 270 Call at Rs 7 keep a stop loss at Rs 5 and target of around Rs 11.""In case of IDBI Bank the position is stronger; the stock has seen open interest (OI) buying to the extent of 13 percent in the series and 2 percent yesterday. I am buying the 77.5 Call at around Rs 3 that also is slightly lower than 3.4 what is closed yesterday. So, during the course of the day you could buy that and keep a stop loss at Rs 2 with the target of around Rs 5," he said.