Buy Indiabulls Housing Finance, HCL Technologies: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "The first recommendation would be buy on Indiabulls Housing Finance 820 call options for the target of Rs 22 and a stop loss of Rs 6. We have seen good amount of long positions getting build on consistent basis, almost on the verge of giving a strong break out." "Second stock is buy on HCL Technologies futures. It has been trading in a range, Rs 805-810 is the zone from where we are seeing some strong accumulation coming in the long positions and at around Rs 835-840 we see some pressure. Since this is near the lower end of the range, one can go long and have a stop loss of Rs 805 for targets of Rs 860," he said."For Infosys, 1,040 Put options make sense. One can have a stop loss of Rs 8 and play for targets of Rs 25. We are seeing some unwinding pressure today, some shorts have been seen getting build, so a close below Rs 1,050 would be very bad for the stock."