Siddharth Bhamre of Angel Broking is of the view that one may prefer Union Bank of India for the covered Call writing.
Siddharth Bhamre of Angel Broking told CNBC-TV18, "I am not very bullish on PSU banks but at the same time they are in range so covered Call writing can be played. Better option is Union Bank of India for the covered Call writing."
At 09:46 hrs Union Bank of India was quoting at Rs 173.00, up Rs 1.80, or 1.05 percent.
The share touched its 52-week high Rs 259.60 and 52-week low Rs 104.30 on 09 June, 2014 and 03 March, 2014, respectively.