Buy IFCI 30 Call, sell 35 Call: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "We have Bull Spread on IFCI. That has been one stock which has been languishing but it seems to be gathering some momentum and consolidating above levels of Rs 30-31. One could possibly buy 30 Strike Call that is quoting at around Rs 2.70. Also sell 35 Strike Call that is quoting at around 0.80 paise. Net cost comes to about Rs 1.90. We are keeping a target of Rs 3.3 and a stop loss of Re 1.""Last is a sell on Bajaj Auto. We are seeing some sort of long unwinding coming up. Downside to maybe levels of Rs 2,750 can be expected. One could sell Bajaj Auto for that level and may be can keep a stop loss of Rs 2,840," he said.