The latest analysis and commentary by stock market guru VK Sharma of HDFC Securities on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about State Bank of India, BPCL, Siemens, Voltas, and Bata.
Speaking about individual stocks, Sharma said, “State Bank of India (SBI), I am buying the 290 Call at Rs 6.7, stop loss at Rs 4 and target of around Rs 13 which is almost doubling, the premium. Another largecap is BPCL; I am buying the 350 Call at Rs 6, stop loss at Rs 4, and target of around Rs 11. Siemens I am buying the 980 Call at Rs 19, stop loss at Rs 13, and target of around Rs 30. Voltas is another stock. I am buying the 580 Call at Rs 11, stop loss of Rs 7, and target of around Rs 18. Bata is my last call. We are seeing open interest (OI) being added to the extent of 42 percent in the current series. I am buying the 1,100 Call at Rs 23, stop loss at Rs 16, and target of around Rs 40.”
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