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Buy Strides Shasun, IDBI Bank, Mindtree: Gaurav Bissa

Gaurav Bissa of LKP Securities recommends buying Strides Shasun, IDBI Bank and Mindtree.

September 09, 2016 / 15:55 IST
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Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation would be buy on Strides Shasun Futures, one can keep a stop loss of Rs 982, target of Rs 1,025. We are seeing incremental long position getting added not just yesterday, even intraday basis today we are seeing good amount of long positions getting built. Even options which are otherwise quite illiquid, today they are seeing good amount of traction, so that is a rationale behind it.""IDBI Futures is looking very strong, a very strong buying is emerging, Rs 80 strike Call option, Rs 82.5, Rs 85 Call option is seeing massive buying, so one can buy IDBI Futures and have a stop loss of Rs 78.50. The target could be Rs 84 on the upside," he said."The final recommendation would be buy on Mindtree Futures, there is a clear cut exhaustion and some amount of short covering is seen. This can lead to a further upside till Rs 545 to Rs 550 levels with astop loss of Rs 515. One can buy for targets of Rs 545."

first published: Sep 9, 2016 03:52 pm

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