Buy Sun Pharmaceutical Industries 860 Put: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "There is still some more negativity in the Sun Pharmaceutical Industries. It went down by 3 percent yesterday and for a stock 6 percent open interest been build in the Nifty stock, it is slightly larger. So I am suggesting buying the 860 Put at around Rs 18 with stop loss at Rs 12 and a target of Rs 13."At 10:54 hrs Sun Pharmaceutical Industries was quoting at Rs 889.20, up Rs 9.50, or 1.08 percent. It has touched an intraday high of Rs 890.90 and an intraday low of Rs 877.10.