Krish Subramanyam of Altamount Capital discusses with Surabhi Upadhyay and Ekta Batra his analysis on the F&O side of the market as well as specific stocks and sectors.
He also spoke at length on Punjab National Bank & Tata Power.
Krish Subramanyam recommendations are, “Stock specific a bull spread in Punjab National Bank which I think should be very much in the news today because of the results so, a bull spread one could employee between 75 and 85. That is buy a 75 Call and sell 85 Strike Call. Net cost comes to about Rs 320 maximum one would get gain at Rs 6.80 also recommend a stop loss of Rs 1.6.”
He added, “Last call is a covered call strategy in Tata Power. One could possibly buy the future and also sell 80 Strike Call that is quoting at Rs 2.50 keeping a modest target of Rs 82 but also recommend a stop loss of Rs 72.”
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