VK Sharma of HDFC Securities discusses with Latha Venkatesh, Anuj Singhal & Sonia Shenoy his analysis on the F&O side of the market as well as specific stocks and sectors.
He shared his views and readings on Aurobindo Pharma, Bank of Baroda, Exide Industries, and Marico.
Talking about pharma, VK Sharma said, “Among the pharma I have Aurobindo Pharma on which no action was seen yesterday, just no addition to the open interest or the price. But it had run-up on Monday and thereafter we see that the stock is up 6 percent in the series and some reduction in open interest was also seen. We are booking off some kind of profits but we believe that this stock is about to breakout and I am buying the 780 Call in anticipation at Rs 32. Stop loss at Rs 27 with a target of around Rs 40.”
He added, “Marico is another stock which I am buying 315 Call at Rs 11 stop loss at Rs 8 and target of around Rs 18.”Disclaimer
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