Buy Karnataka Bank March futures, says Krish Subramanyam

Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital told CNBC-TV18, "I have a covered Call in Karnataka Bank. We have seen some pretty decent rolls for the March series and we also saw some break out on the charts. It has been struggling at levels around Rs 125 and has made a decent break out. So we could possibly see levels of Rs 137. So, we are suggesting a covered Call where one could buy March futures instead of 131 strike Call at around Rs 4, keep a target at Rs 137 and a stop loss of Rs 124.""Second one is Power Finance Corporation (PFC) which has also see some pretty robust rolls for the March series. Another covered Call strategy here. One could buy March futures at around Rs 136 and sell 145 strike Call which is quoting at around Rs 3.5 keeping a target of Rs 145 and maybe one could keep a stop loss of Rs 130," he said.