Buy Idea Celular 70 Call, sell 75 Call: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "Idea Cellular is seeing some support coming about closer to levels of Rs 71-72. Going to expiry, we could see some bullish movements. So, a Bull Spread wherein one could buy 70 strike Call that is going to get around Rs 2 and sell 75 strike Call quoting around Re 0.75 and the net cost comes to about Rs 1.50 keeping a target of Rs 4 and stop loss of Re 0.75.""GAIL India has been on a rally on its own and we have seen it touch all-time highs today. Today also it is continuing its uptrend but one could again do a Bull Spread. Buy 460 Call that is quoting at around Rs 12 and sell 480 strike Call that is quoting at around Rs 4. The net cost comes to about Rs 8, keeping a target of Rs 14 and one could keep a stop loss of Rs 4," he said.