Buy Asian Paints, Granules India; sell UltraTech Cement: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "Asian Paints might open close to Rs 1,160 odd. Still it is a buy because we feel the volume weighted average price (VWAP) for distribution might come in closer to Rs 1,210. So, that would be the target, the stop loss should be Rs 1,125. So, buy Asian Paints close to Rs 1,160 with a stop loss of Rs 1,125 and target of Rs 1,210."

"Granules India from the pharmaceutical pack is seeing good buying and I feel this is one stock which can give you a swing trade which will be at least three to five sessions but specifically intraday, we might see the movement come in. So I would recommend buying Granules somewhere close to Rs 138 even in June future with a stop loss of Rs 132 and I guess it can give you a good Rs 18-20 or somewhere close to Rs 152-156 is where we might see some distribution," he said.

"In UltraTech Cement, we had seen a flat session yesterday and day before there was some more selling. So, I guess the concept of some distribution in VWAP side might come in. So, I would rather recommend selling that stock at Rs 4,030, maybe a stop loss of Rs 4,096 and possible Rs 3,940, close to Rs 90 down on the target is what I would recommend at this point in time."