IDFC, JP Associates will see good upmove: Murlidharan

Manoj Murlidharan Vayalar, IIFL is of the view IDFC, JP Associates will see good upmove.

Murlidharan told CNBC-TV18, “Money has poured into the financials so I guess IDFC is our top pick you can go and buy at Rs 130-131 it was trading at. If we keep a stop loss at Rs 125 you can expect Rs 142 at least for this contract so that would be a good 7-8%.”

“ JP Associates not only Friday especially from Wednesday onwards we are seeing good buying coming into cash market. We are seeing out of the money option being bought with a long built up in the futures as well. I guess it is somewhere close to Rs 73 to Rs 74 and we are expecting close to Rs 81 to Rs 82 on that as well.”