Buy ITC 260 Call, says Krish Subramanyam

Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital told CNBC-TV18, "Couple of stocks which have not exactly done well in the 2017 but seems to be showing signs of bottoming out. First one is Idea Cellular, telecom has been all over the place has seen some pretty huge volatility. But the rolls seems to suggest that probably January could be a good series for Idea."

"We are recommending a Covered Call. One could buy the Jan futures and also sell 110 strike that is quoting at around Rs 4-4.5 keeping a target of Rs 114 and maybe one can keep a stop loss of 100."

"Second is buy on ITC, now this again has been bit of a disappointment in the latter half of 2017. But closer to levels of Rs 250-260 I think the decent support exists. One could possibly buy a 260 strike Call that is quoting at around Rs 7.50-8, keeping a target at Rs 13 and keep a stop loss of Rs 5," he added.