VK Sharma of HDFC Securities is of the view that one can buy Maruti Suzuki 5250 Put and ICICI Bank 294 Call.
VK Sharma of HDFC Securities told CNBC-TV18, "CNBC-TV18, "In Maruti Suzuki, I believe that there will be some sell off further, 5,250 Put I have suggested to be bought at Rs 80 with stop loss at Rs 50 and a target of around Rs 140. Even these rates need to be worked out according to the market current rates."
"ICICI Bank is one stock where I believe that it can certainly do better than the others. However, I am suggesting to be buy a Call that to at a lower level - 294 Call, if it revises higher the Call will be still expensive. Yesterday, it closed at Rs 9, I want to buy at Rs 6 with stop loss at Rs 4 and a target at around Rs 11," he said.The Great Diwali Discount!
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First Published on Nov 11, 2016 10:43 am