Go long in JSW Steel 1040 Call, advises Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "Among the metal names, I would be bullish only on JSW Steel. The stock has seen good amount of fresh longs happening. 1,000 Call option initially had the highest OI concentration and was acting as a barrier. So, this time around, we have seen the stock trading comfortably above 1,000. If you look at the out of the money Call options, they are quite active."

"All-in-all it indicates that we might see of 5-7 percent jump from here in the current series itself. I would recommend going long on 1,040 Call option for target of Rs 35 and one can have a stop loss at Rs 12," he said.

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