Buy TV18 Broadcast 50 Call, says VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, " TV18 Broadcast is another repeat from the last week so here the open interest continues to be maintained and important is that yesterday’s close was the highest close in the last 52 weeks. Therefore, technically it is on a very strong footing. So, I am buying the 50 Call at Rs 1.60 with a target at around Rs 3."At 11:28 hrs TV18 Broadcast was quoting at Rs 48.00, up Rs 0.15, or 0.31 percent. It has touched an intraday high of Rs 48.75 and an intraday low of Rs 47.60.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com