Buy PNB 960 Call, SBI 2480 Call: VK Sharma

VK Sharma of HDFC Securities recommends buying Punjab National Bank 960 Call and State Bank of India 2480 Call.

VK Sharma of HDFC Securities told CNBC-TV18, "Overall markets have built positions more in the Nifty for the current settlement. My sense is that both State Bank of India  (SBI) and Punjab National Bank  (PNB) are the ones which could move further on."

"I have some long strategy on SBI and PNB and both in the form of buying Calls. I am suggesting buying the PNB 960 Call at Rs 20 with the target of Rs 35 and a stoploss of Rs 15. For SBI I am suggesting 2480 Call at Rs 30 and target of Rs 70 with the stoploss of Rs 15," he said.

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