VK Sharma of HDFC Securities told CNBC-TV18, "I am suggesting buying 570 Call in Wipro at around Rs 14. Yesterday it closed around Rs 16, keep stop loss at Rs 10 and target of Rs 28." "Hexaware Technologies is a stock which has seen 18 percent addition of open interest yesterday and in the current series. The stock has gone up around 4 percent. So I am suggesting buying 270 Call around Rs 10, closed below Rs 12, so buy around Rs 10, keep stop loss at Rs 7 with a target around Rs 16," he said. "Indraprastha Gas (IGL) is a stock which saw open interest added to the extent of 22 percent. The stock went up mildly by 3 percent. I am suggesting buying 580 Call around Rs 16. It closed around Rs 20, keep stop loss at Rs 12 and target around Rs 28." "Reliance Power had mild open interest addition, 3-4 percent. The stock went up. I am suggesting buying 50 Call around Rs 1.8. All my calls that I am suggesting are lower than what they closed yesterday. So buy at Rs 1.8. Yesterday it closed at Rs 2.3, keep stop loss at Re 1 and target around Rs 3.5. It is a buy on dips stock," he added.He further said, "Shriram Transport Finance Corporation is slightly better placed. Large amount of open interest of 17 percent, the stock went up by 1 percent. If at all you want to buy something and you still want to buy at yesterday's price then this is one of the stocks although my recommendation price is still 980 Call, to be bought at Rs 20, it closed at Rs 25. But if you want to buy something at the current price then this is the stock to look at. Keep a stop loss at Rs 14 and target around Rs 34.""Siemens had mild price rise of 0.3 percent but 3 percent in terms of open interest was added. I am suggesting buying 1,100 Call around Rs 35, keep stop loss at Rs 25 and target around Rs 55."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!