Buy ICICI Bank, ICICI Pru, DRL and Reliance, says VK Sharma

“I will buy 330 Call at Rs 11, stop loss at Rs 8 and target around Rs 16,” he said about ICICI Prudential.

On Dr Reddys’ front, Sharma said, “I am buying DRL at 2,450; I am buying this Call at around Rs 100, stop loss at Rs 70, target of around Rs 160. This stock has seen 3 percent addition to the open interest in new series. The results which came half-an-hour into the closing should see some more traction but do not run out of the stock. In case the stock is available at the price suggested then enter into buying a call.”

“Jain Irrigation did pretty well despite some reduction in the open interest in new series. We have seen the stock going up 4 percent. So I am buying 70 Call at Rs 3.7, stop loss at Rs 2.5 and target of around Rs 6,” he added.

While talking about Reliance Industries, he said “Rs 1,045 it closed with 2 percent addition in open interest and 1 percent rise in the price. I am buying 1,060 Call at Rs 36, stop loss at Rs 28 and target of around Rs 50.”

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