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Last Updated : Aug 19, 2016 09:48 AM IST | Source: CNBC-TV18

Buy Reliance Capital 470 Call, says VK Sharma

VK Sharma of HDFC Securities recommends buying Reliance Capital 470 Call.

VK Sharma of HDFC Securities told CNBC-TV18, "Reliance Capital has done continuously well. In the overall series, the stock has gone up by 6 percent and the open interest which has been added for the whole of the series is equal to what has been done today. Yesterday also, the open interest was added to the extent of 2 percent. That happens to be the total open interest addition for the series."

"I am bullish and am buying the 470 Call at Rs 8 with a stop loss at Rs 5 and a target of around Rs 14. Among the financials, this is one stock which will do the best," he said.

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First Published on Aug 19, 2016 09:48 am
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