Buy RNRL 90 call, says VK Sharma

One can buy Reliance Natural Resources, RNRL 90 call and sell the 100 call, says VK Sharma, Anagram Stock Broking.

Sharma told CNBC-TV18, "RNRL did pretty well. 28% open interest was added and also the stock also rose 5% against the general trend when the overall market was seeing a sell off in the last half an hour or so. So my sense is buying the 90 call and selling the 100 call, doing a bull spread in this would give you a fair amount of advantage that the gains are 2:1 as you gain twice as much as your cost and there are fair amount of chances of this stock doing well on account of whatever has happened has happened on huge volumes and against the market trend. So amongst the various stocks that I have spoken about, this one has a larger conviction.”