HomeNewsBusinessStocksBuy IRB Infra 250 Call, Voltas 340 Call: Gaurav Bissa

Buy IRB Infra 250 Call, Voltas 340 Call: Gaurav Bissa

Gaurav Bissa of LKP Securities is of the view that one can buy IRB Infra 250 Call and Voltas 340 Call.

May 19, 2016 / 15:35 IST
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Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation would be a buy on IRB Infra 250 strike Call option. It has seen decent amount of long positions on a consistent basis. One can have a stop loss of Rs 2.5 and play for targets of Rs 10.""Second stock would be buy on Shriram Transport Finance futures. It has been seeing consistent long positions. Long positions continue to be seen getting added unabated. So, I would recommend going long, have a small stop loss of Rs 1,110 and play for targets of Rs 1,155," he said."Third recommendation would be buy on Voltas 340 Call option. We have seen a lot of long options getting built. Aggressive buying is seen in OTM call options as well at Rs 340-350. I would have a small stop loss of Rs 3 and buy the 340 call option for a target of Rs 12.""Finally a sell recommendation on Ceat. We have seen it giving a small breakdown. One can have a stop loss of Rs 1,010 and play for targets of Rs 965."

first published: May 19, 2016 01:45 pm

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