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Buy Siemens 1200 Call, Century Textiles 620 Call: VK Sharma

VK Sharma of HDFC Securities is of the view that one can buy Siemens 1200 Call and Century Textiles 620 Call.

May 27, 2016 / 11:29 IST
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VK Sharma of HDFC Securities told CNBC-TV18, "Yesterday, Siemens added good amount of 6 percent open interest. The stock also went up by 4 percent. So, I am buying the 1,200 Call at around Rs 32. It had closed at around Rs 36. So should it come down, I will be a buyer with a stop loss at Rs 25 and a possible target of around Rs 50.""In case of Century Textiles, I am buying the 620 Call at around Rs 25. It had closed at around Rs 27, target of around Rs 35 with a stop loss of Rs 20," he said."Vedanta is one stock where open interest was added to a great extent, 5 percent. The stock also inched up more than 5 percent. It was a good performance. I am buying the 105 Call at Rs 5.40, stop loss at Rs 4 and a target of around Rs 8. This is not a stock which is usually my favourite, but my analysts has picked up this for today."

first published: May 27, 2016 11:27 am

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