Buy Kotak Mahindra Bank 720 Call, Yes Bank 720 Put: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Yes Bank and Kotak Mahindra Bank continue to appear in my recommendations because in terms of private sector banks, where you go long, there is a limitation to number of stocks that you can have and therefore Kotak Mahindra continues to be the best bet among the Futures and Options (F&O) eligible stocks."He further added, "I am suggesting 720 Call around Rs 16, it closed at Rs 19, so I am asking investors or traders to buy at slightly lower rate, stoploss at Rs 11 with a target of Rs 25.""For Yes Bank, I am suggesting buying 720 Put around Rs 18, stoploss at Rs 13 with a target around Rs 28."