Buy ICICI Bank 370 call, IDFC 175 call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "I have chosen ICICI Bank essentially because this has not participated in the rally. In the current month it has gone up only by 4 percent as compared to 14 percent which Axis Bank has gone up. So, there is still some room left in this and this will now participate. So, you can buy the ICICI Bank 370 Call at Rs 6. The question is that will it be available? It won’t be available at Rs 6 so whatever price it is available at, maybe Rs 2 higher, you buy that. Keep a stoploss Rs 3 lower than that and hope to sell it between Rs 12-15."

"IDFC is on a much stronger wicket. So, people who have been waiting and who have nursed this stock for a long time, this stock is now going to definitely do better than ICICI. So, if you are choosing and you have to choose one stock, IDFC definitely looks better of the two. You can buy the 175 Call. It was available at Rs 3.5 but should be available at more than Rs 5. Even then you buy and the best is if you invest and remain in the cash market and wait for six months, I think this stock will give you much better returns," he added.