Buy Wockhardt 1000 Call, UPL 620 Call, Just Dial 600 Put: Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation would be buy on Wockhardt 1,000 strike Call option. We are seeing a clear cut exhaustion in short positions. The price seems to be stabilising around Rs 920-930 zone. Some amount of short-covering can be pre-empted at these levels and that can push it towards Rs 960-970 levels. One can have a stop loss of Rs 14 in 1,000 stike Call option and go long for targets of Rs 35." "Second would be buy on UPL. The stock has been seeing decent amount of longs. It has been trading in a range. So, I anticipate that this range will be broken and the stock head towards Rs 620-625 in which case the 620 Call option can easily go towards Rs 30. One can have a stop loss of Rs 15 and go long in it," he added."Third recommendation would be a buy on Just Dial 600 Put option. It went up ahead of short covering but incremental buying is just not there. It is the near the resistance levels of Rs 700 on the spot levels and today, we are seeing some decent shorts coming in. End of day, probably we may see aggressive shorts also getting built. The ideal way to play with such a high volatile stock is to play with the options. I would recommend 600 Put option for target Rs 35 keeping a stop loss at Rs 16.""Final recommendation would be a buy on Maruti Suzuki 4,100 Put option. We are seeing a decent amount of long positions, but at these levels, there is unwinding. Absence of fresh longs after a price move generally results in a couple of percentage points correction in the stock price. Same can be expected in Maruti. So, 4,100 Put option can be bought for a target of Rs 125 having a stop loss at Rs 55."