Buy JSW Energy, Larsen and Toubro, Marico: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We like JSW Energy. I guess power as a sector are seeing good buying. So we still recommend there might be follow up buying, so, we still go long on the futures as well. However, try to buy somewhere close to Rs 64-64.5, we are keeping a stop loss of Rs 62 and we believe an average somewhere close to Rs 67.4 which is where we might see a distribution."

"We would still go with a contra call on Larsen and Toubro (L&T). Even though the stock is not really done yesterday, but net-net we have seen in the net accumulation which has happened for this month of August. So Rs 1,132 to Rs 1,134 is where we recommend buying there with a stop loss of Rs 1,118 and we are expecting a target close to Rs 1,160 on that."

"We like Marico as well because as we are seeing, there is a lot of index management happening and we believe that FMCG as a sector and specifically stocks like Marico is seeing good buying and they are following a healthy VWAP concept as well. So, buying at Rs 315 is what we recommend, Rs 309 as a stop loss and we believe a target somewhere close to Rs 323-325 is where we might see some distribution," he added.