Krish Subramanyam of Altamount Capital told CNBC-TV18, "We have a covered call strategy in DLF wherein one could buy DLF. We have seen some pretty good consolidation and we are also seeing some good volume. And therefore, it is just probably waiting for a break past Rs 165. So, this could be bought for a possible target of Rs 170. But this is a covered call strategy where one could also sell a 170 Call at Rs 3.70. Recommend a stoploss at Rs 155.""The second strategy is a covered call strategy in Power Finance Corporation (PFC) wherein one could buy August Futures and also sell a 230 Call at around Rs 3.70 and we are keeping a target of Rs 232 and a stoploss of Rs 215," he added."And the third one is a straddle strategy. Recommending buying of a straddle in Idea Cellular and you could see some volatility coming about that counter. Recommend buying of a 100 Strike Call that is quoting at about Rs 8.50. Also buy a 100 Strike Put that is quoting at around Rs 1.50. The total cost comes to about Rs 10. Keep a target of Rs 14 and one could keep a stoploss of Rs 7," he said.
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