Buy L&T, Apollo Tyres; see at least 5-6% upmove in HDFC: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "Housing Development Finance Corporation (HDFC) tops the list; in the beautiful formation that the stock has seen, there was a huddle of somewhere close to Rs 1,680 but into this contract of September, once it has crossed Rs 1,730, we have seen beautiful volume weighted average type of accumulation."

"Generally, when that happens, the stock tries to surge in the last five to seven days of expiry. So, we recommend buying HDFC, the price is somewhere close to Rs 1,768, we are expecting a surge of close to Rs 80-100 odd, so at least a 5-6 percent move for a target of Rs 1,860. The stop loss can be the weighted average price of Rs 1,738."

"The second stock that we like is Larsen & Toubro (L&T). We believe this is one stock where rollovers kick-in and we can see a good surge in the movement. So, Rs 1,230 is where we recommend, the stop loss should be Rs 1,195, and we are expecting close to Rs 1,292-1,300 or so," he said.

"Apollo Tyres with the long built up yesterday and with the gradual pickup which has come into delivery based buying in the cash market as well as on the derivative side, we recommend buying that at Rs 260, with a stop loss of Rs 252 and target somewhere close to Rs 275," he added.