Buy Mindtree 1200 Call, advises VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "Mindtree has just entered into derivatives. It is is at the bottom of the ladder, only Rs 24 core positions have been added in the current series. I am suggesting buying 1,200 Call at around Rs 18 with a stoploss at Rs 10 and hope to sell this at around Rs 35 which would mean doubling of your profits. The stock per se has done well, the bulls will get some kind of elbowroom in order to carry their long positions which they have held in cash to convert into derivatives."

"Hexaware Technologies is on my list for the last two weeks; it still continues to be. There is a bull spread where you buy the 180 Call at around Rs 7 and sell the 190 Call at around Rs 4. Your cost comes to Rs 3 and your net profit is possible around Rs 7. This is essentially capping of the gains so if you do it, do it for the whole series," he added.