Buy ITC, Mangalore Refinery and Petrochemicals, Indian Oil Corporation: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "ITC tops the list. The stock has seen good support at Rs 255 and we believe there would be a surge in this stock till Rs 282. So, it becomes a buy even in October month futures. We recommend buying ITC futures at Rs 265, with stop loss of Rs 255, and we are expecting a target of Rs 282."

"Mangalore Refinery and Petrochemicals (MRPL) has also shown good volumes and we believe there is good long built up. So, there might be a surge in the stock and we are expecting the momentum to come as buy on dips. At Rs 127, we recommend buying on the future with a stop loss of Rs 122 and the target should be somewhere close to Rs 139," he said.

"We like Indian Oil Corporation (IOC) among the OMCs. Yesterday there was short covering but there is good cash accumulation which has happened in the VWAP concept. So buying that somewhere close to Rs 418 with a stop loss of Rs 410 and we expect a target of Rs 436," he added.