The latest analysis and commentary by stock market guru Krish Subramanyam of Altamount Capital on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about Escorts, Indian Bank.

Recommending stock specific ideas, Subramanyam said, “Scrip specific, couple of covered call strategies. One is Apollo Tyres, a counter which has seen some severe meltdown in the last few months but seems to be holding decently above levels of Rs 210-220. So I think this could head up to levels of maybe Rs 234. However, also correspondingly recommend a selling of a 225 strike Call which is trading at Rs 9-10. One could keep a stop loss of Rs 218. Last one is a covered call strategy on Axis Bank. ICICI Bank has been leading from the front but we feel that Axis Bank should also do a lot of catching up sooner rather than later. So one could possibly do a covered call strategy here as well. Buy futures and sell 640 strike Call. It is quoting at around Rs 12 keeping a very modest target of Rs 640 and also recommending a stop loss of Rs 610.”

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