Buy JSW Steel 205 Call, SAIL 62.5 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Fundamentally China will continue to be the driver of these markets and because of its expenditure on roads I think JSW Steel, SAIL and Tata Steel are my picks and they will get further impetus from the fact that anti-dumping duties have been imposed."

He further added, "I am buying the 205 Call in JSW Steel at around Rs 6, stoploss at Rs 4, and target of Rs 10. In Steel Authority of India (SAIL) I am buying the 62.5 Call at Rs 1.5, keeping a stoploss at Re 1, and target of around Rs 2.5."

"Tata Steel, normally we don’t give stocks when the results are there, but here things are going well. It has already gone through a correction and now there is a hope that the losses will turn into profits coupled with the tailwind of the government action. I am buying the 460 Call at around Rs 10, stoploss at Rs 7 and a target around Rs 16," he said.