The Indian market has been rangebound for the last few sessions. In an interview to CNBC-TV18, VK Sharma, HDFC Securities says, the Nifty could surprise on the way up. "I think it is a compelling story to look for stocks that are doing well," he adds.
According to him, if the Nifty recoups the level of 5,380, it will be a case to go long right away. "If you want to play safe then maybe buying the 5,400 Call, which is available at Rs 45, is a good strategy. If you want to reduce that cost, maybe you could ride the 5,300 Put," he asserts.
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