Go long in LIC Housing Finance: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "LIC Housing Finance in the last trading session has been adding consistently long positions. If you look at the option chain as well, the range has been shifting. It is not a very liquid counter as far as the options goes, but the fact that it has seen a consistent long position and couple that with the fact that even options are seen getting good amount of traction, I fell Rs 500 in a very short span of time, in a day or two can be crossed.""If it is holding on to Rs 500 levels, then in the next few trading sessions, we might be seeing this stock towards Rs 520-525 kind of levels. So, this stock is giving very lucrative risk reward ratios. I would recommend going long on December series 500 Call for a target of Rs 9. One can have a stoploss at Rs 2.5," he said.