Buy UCO Bank 110 Call, says Bhavin Desai

Bhavin Desai of Motilal Oswal Securities recommends buying UCO Bank 110 Call.

Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "In UCO Bank , 110 Call can be bought with a stoploss of Rs 2.1 and target of about Rs 6.5. This is one space which can surprise on the upside in case if the banks start moving."

At 14:15 hrs UCO Bank was quoting at Rs 104.45, up Rs 4.90, or 4.92 percent. It has touched an intraday high of Rs 105 and an intraday low of Rs 100.

Disclosure: Analyst has shared some of the strategies with his clients before.

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