VK Sharma of HDFC Securities is of the view that one can buy Maruti Suzuki 3750 Put and Coal India 280 Put.
VK Sharma of HDFC Securities told CNBC-TV18, "Among the Nifty stocks I just have some productive Puts, they are not trading bets essentially because few are holding Maruti Suzuki since the stock which has fallen continuously for a while. It is no use trading short in that. If you are still holding Maruti then maybe you can buy the 3,750 Put at around Rs 98, stop loss at Rs 70 and target of around Rs 150 that is just if you are holding it. There is no trading bets as yet in Maruti Suzuki."
"Coal India, maybe which has fallen 2 percent yesterday, open interest was build on the short side. You can buy the 280 Put at around Rs 5 with stop loss at Rs 3 and a target of around Rs 9," he said.
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .