Buy Repco Home Finance, Colgate Palmolive, Ambuja Cements, SRF: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "If you look into last three to four days, the Nifty has more or less been into a range bound session, but when we see the derivative long built up coming in, especially stocks like Muthoot Finance and all, yesterday we have filtered down four stocks."

"Repco Home Finance would top the list because the volume weighted average price (VWAP) of yesterday’s trade has a positive bias with a closing and we have seen a good long built up. So, we believe that this stock can be bought at Rs 660 with a stop loss of Rs 648. The distribution or the target would be somewhere close to Rs 684."

"Colgate Palmolive would be the second stock we would recommend buying at Rs 1,118 with a stop loss of Rs 1,100, and the target should be somewhere close to Rs 1,155-1,162."

"Ambuja Cements at Rs 280 is again a buy with a stop loss of Rs 274 and we are expecting the stock to see levels of somewhere close to Rs 294-296.50," he said.

"The last stock would be SRF which would again be a buy and we recommend that to buy even on September month futures. You buy at Rs 1,565 with a stop loss of Rs 1,542 and we are expecting the stock to go all the way to Rs 1,600," he added.