Murlidharan see upside in HDFC, LIC Housing Finance

Murlidharan told CNBC-TV18, “We are trying to follow the same analysis that the money which comes into the cash market followed with a long bias in the derivative side so we have three stocks. One is a defensive Cipla and that is 2% positive today as well. We still feel it has good 3-4%. But the stocks which we can enter even at this point of time is an Housing Development Finance Corporation, right from the day of expiry we have seen good cash based buying happening and the delivery percentage is more than a 16 day average and we feel there is long built up still going on. Currently it trading at around Rs 740 and can go upto Rs 762 keep a tight stop loss of Rs 731.

He further added, “Second, would be LIC Housing Finance. We feel that this stock on Friday intraday, after the second half, in the second half rather somewhere close to two odd there was good buying in the cash market and Rs 240-242 is what it is trading at. Rs 230 should be stop loss and Rs 255 is what we are seeing on that.”