Buy CG Power, Jain Irrigation, Castrol India, REC: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "CG Power is one we recommend, you can buy that at the price of Rs 88 with a stop loss of Rs 86 and we are expecting close to Rs 92.40 on that. We are working on the concept of VWAP which we usually do on the day of expiry."

"Jain Irrigation Systems has to be bought in cash market. We all know that it is in ban period, so, you cannot take a fresh F&O position unless you want to pay fine on that. So, with a stop loss of Rs 82, we are expecting the target closer to Rs 93," he said.

"Castrol India is a buy as well. We recommend buying that at Rs 418, with a stop loss of Rs 412 and we expect a target close to Rs 440 on that."

"We like Rural Electrification Corporation (REC) as well. There is good buying happening along with fresh derivative money which comes in. So the market-to-market (M-to-M) has to be positive on that. We recommend buying that somewhere close to Rs 213, the stop loss should be Rs 208 and we are expecting at least a target of Rs 222-224 possible in today’s trade as well," he added.