Manoj Murlidharan of Religare Securities told CNBC-TV18, "The first call I would go with is Power Grid. Needless to say in this contract of July, we have seen power as a sector shown good rolls and in Power Grid even yesterday there was good short covering. A good concept of VWAP which is volume weighted average price is building up. So, we recommend buying it at Rs 211 even on the current month future with a stop loss of Rs 206. We are expecting a distribution or a target somewhere close to Rs 219-220 in that."
"The second stock would be from the cement sector. Ambuja Cements is one which I had backed on the long side to buy even on the current July future with Rs 254. Try and buy it between Rs 252 and Rs 254 and with a stop loss of Rs 247 and maybe a target of somewhere close to Rs 265-268."
"We still like Hexaware Technologies, we would advocate buying there at Rs 241 with a stop loss of Rs 237 for target of Rs 256," he said.
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