The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today.
He also spoke at length on Axis Bank, Larsen & Toubro (L&T), Manappuram Finance, State Bank of India (SBI), UltraTech Cement.
VK Sharma’s F&O stock recommendations are, “I am buying Axis Bank where not much is happening. 2 percent stock up, 2 percent open interest is up but my sense is this stock has a long way to go. I am buying 800 Call at Rs 7.50 stop loss at Rs 4 target around Rs 15. State Bank of India (SBI) on the other hand I am buying a slightly lower than where it has closed on Friday. I am buying the 355 Call at around Rs 4 instead of Rs 5.6 and keep a stop loss at Rs 2 target of around Rs 8. So it is almost doubling the premium. Manappuram Finance on the other hand it is a midcap and I am buying slightly lower again. Buying the 140 Call at Rs 1.8. it had closed Friday at Rs 2.4 and I am having a stop loss at Rs 1 and target of around Rs 4.”Disclaimer
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