Buy India Cements; Bull Spread of Tata Elxsi: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "India Cements is one stock which has done relatively better than the cement stocks when the other stocks have been going through some kind of a profit taking. This is one that had held its port. So, I am buying the 140 Call at around Rs 2, stop loss at Re 1 with a target of Rs 4.""Tata Elxsi is a great stock, which has done very well in terms of building open interest (OI) as well as rising. So, I have a Bull Spread here that essentially limits my profits but also reduces my cost of entering this trade. So, I am buying the 1,550 Call and selling the 1,650 Call. I buy the 1,550 Call at Rs 27 and I sell the 1,650 Call at Rs 7. The cost comes to Rs 20 and the maximum profit for me would be around Rs 80 in the settlement," he said."Disclosure, I hold this stock," he added.