Buy L&T Finance, Kaveri Seed May futures: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "We have a protective Put strategy in L&T Finance. One could buy the May features also hedge by buying 70 strike that is quoting very reasonably at 0.25 paise. We are keeping a modest target of Rs 74 and a stop loss of Rs 70.""One could buy May futures of Kaveri Seed Company for a possible target of Rs 444 and can keep a stop loss of Rs 428," he said."Last stock is a buy of plain vanilla 120 strike call on Karnataka Bank. This has been one of the strong features of the May series and going with the expiry, probably the shorts are not getting rolled in the June series. So we could see some fireworks in this counter. It is quoting at about 120 strike at Rs 175. You can keep a target at Rs 3 and one could keep a stop loss at 0.85 paisa," he said.