Buy Zee Entertainment, target Rs 540: Krish Subramanyam

Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital told CNBC-TV18, "We have a bullish call on Zee Entertainment which has seen some modest correction today. But the stock has shown signs of some good momentum building up. So, this could be bought for a possible target of Rs 540 and one can keep a stop loss of Rs 508." "In GAIL India, one can trade an Option strategy - a bull spread. One can buy 490 Strike Call which is quoting at around Rs 13 and sell 520 Strike Call which is quoting at around Rs 4. So, the net cost comes to about Rs 9, keeping a target of Rs 20 and stop loss of Rs 4," he said.