Buy Engineers India, advises Krish Subramanyam

Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital told CNBC-TV18, "I have got a buy call on Engineers India. The stock has shown a lot of promise but gone into some sort of correction, but I think closer to levels of Rs 150-160, it enjoys decent support. It could be bought for a possible target of Rs 169 and one could keep a stop loss of Rs 155."

"The other stock is Hindalco Industries where post the results we saw some euphoria and then the cooling down is there. So one could possibly do some sort of a strangle again, selling a strangle. So, one could sell a 190 strike Put and 210 strike Call. Keep a target of Rs 4 and stop loss of Rs 11," he added.