Manoj Murlidharan, VP-Derivatives at Religare Securities told CNBC-TV18, "We are watching on pharmaceuticals. We believe good accumulation is going on there since last three-five sessions. So we feel Lupin is a good buy at Rs 1,260. We recommend buying that with a stop loss at Rs 1,220 and expecting a bounce to Rs 1,340. It is primarily based on volume-weighted average price (VWAP) that we are expecting it to be."
"The second stock is Tata Steel from the metal sector. We feel there is good buying happening. So somewhere close to Rs 438, we recommend buying that with a stop loss of Rs 428 and we are expecting a bounce to Rs 468," he said.
"Berger Paints has also seeing a good long build-up along with some cash based delivery, so we expect that to be on the positive side at least in the short-term for a swing trade till Wednesday as well. So, Berger Paints is a buy at Rs 258. The stop loss we recommend is close to Rs 240 and we are expecting bounce of around 20 points, so a level of Rs 268 on that."
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