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 Apollo Hospitals, BEL, ICICI Bank, Engineers India, and IDFC Bank.
Talking about his F&O strategies VK Sharma said, “ICICI Bank which has a weightage of around 30 percent in the Bank Nifty is still a better bet. I am buying the 370 Call at Rs 9 stop loss at Rs 6 target of around Rs 15. IDFC Bank which also has seen good open interest, built up only yesterday, mild earlier only shorts were being covered so I am buying the 45 Call at Rs 1.6. On Friday it had risen 5 percent so obviously it will take some while and it will not going to rise immediately. Buy 45 Call at Rs 1.6 stop loss at Rs 1 and target around Rs 3.”Disclaimer
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