Buy Reliance Industries 1120 Call: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "As investors, we have a tremendous advantage over mutual funds or over a large investors. You can buy what you want. You are not a mutual where you need to be in every sector. So, that is a sector preference and the one stock which is very clear which I have spoken about earlier also is Reliance Industries. There in terms of oil SMEs, minor changes for the series 3 percent has been added. The stock is up 3 percent but I am buying the 1120 Call here at Rs 24 stop loss at Rs 18 and a target of around Rs 35.""However, I am buying this stock primarily because it is accompanied by the fact that it has broken a two year trend line and now the technical suggests that it could go up something like 15 to even 30 percent in the current month," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com