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Last Updated : Mar 09, 2017 10:51 AM IST | Source: CNBC-TV18

Buy YES Bank 1500 Call, Eicher Motors 23500 Call: VK Sharma

VK Sharma, Head Of Business, Private Client Group of HDFC Securities is of the view that one can buy YES Bank 1500 Call and Eicher Motors 23500 Call.

VK Sharma, Head Of Business, Private Client Group of HDFC Securities told CNBC-TV18, "In YES Bank, 6 percent open interest (OI) was added yesterday. The price went up. I am buying 1,500 Call at around Rs 24. It closed at Rs 29 yesterday, so I am buying it at slightly lower with a stop loss at Rs 18 and target of around Rs 35."

"There is more confidence in Eicher Motors because it has moved up after a long time after falling for many days. So, I am buying 23,500 Call here at around Rs 500. Yesterday, it closed in the vicinity of Rs 600 at around Rs 599 to be precise. I am putting a stop loss at Rs 400 and giving a target of around Rs 650 in this," he added.

"Oracle Financial Services Software is one stock which has moved up and since the options are not liquid here, I am suggesting to buy future here at Rs 3,820, it had closed at Rs 3,853. So, I am putting a stop loss at Rs 3,770 with a target of around Rs 3,950."

"Almost 34 percent OI was added in Zee Entertainment in current series, with nothing happening yesterday, the stock went up by 1.5 percent. So, I am buying 520 Call at around Rs 10. It had closed yesterday at around Rs 12, stop loss at Rs 7 and target around Rs 15."

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First Published on Mar 9, 2017 10:48 am
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