VK Sharma of HDFC Securities told CNBC-TV18, "Kotak Mahindra Bank is one stock which we have continuously recommended and continue to be buoyant. The foreign institutional investor (FII) limits have now been opened, we will further add fillip to this stock which is heavily sought after by the FIIs. So, I am suggesting to buy the 660 Call at around Rs 19, stop loss at Rs 14 with a target of around Rs 30." "In Larsen and Toubro (L&T), the going has been good. Yesterday, positions were pruned, so the shorts were being covered and yesterday also and for the current settlement, positions have only been pruned. So, probably people who got in at lower levels are now just trying to get out and book some profits. However, overall the stock has done well for itself. So, I am suggesting to buy the 1,220 Call at around Rs 36 with a stop loss at Rs 25 and a target of around Rs 60. Although positions have not been built but that could come in after the shorts are covered in the Nifty," he said.
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