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 State Bank of India (SBI), IDFC First Bank, Bajaj Auto and Mahindra & Mahindra (M&M).

“State Bank of India (SBI) is stock I am buying. We have seen the overall open interest being added in the bank is around 18 percent, 10 percent the stock has gone up. I am buying the 300 Call at around Rs 6, obviously you will have the stop loss at Rs 4 and target of around Rs 11. The other bank which I am buying is IDFC First Bank the stock has seen less open interest addition around 8 percent but has oved up 16 percent. I am buying the 53 Call at round Rs 0.85 I will have a stop loss of Rs 0.30 and target around Rs 2 so that completes my two banking stocks.”

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