Buy SRF, recommend bull call spread in Hindalco: Nevneet Daga

Navneet Daga of IIFL told CNBC-TV18, "We are recommending bull call spread on Hindalco Industries. Going long on 135 Call option and selling 145 Call options. The current spread is somewhere near to Rs 3.50. We believe that this spread can widen towards 8-10 points and keeping a strict stop loss at a spread of Re 1.""The other stock is SRF where we have seen a good breakout on the higher side. With a target price of Rs 1,450, one can still go long and stop loss should be placed at somewhere near to Rs 1,310 levels," he said.