Buy Tata Steel 340 Call, says Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "Tata Steelis one of the stocks which has outperformed from January till date in metals space. So, the stock has been consolidating around Rs 330 levels or so and now, it has started inching upwards of Rs 335-336 levels. So, I feel it can go to Rs 350 or so in the near-term.""The best way is to participate buying a call option. So, 340 Call option available at Rs 11. Keep a stoploss of Rs 8 and target of Rs 16 in that," he added.