Buy Sintex Industries, Raymond, Tata Power Company: Manoj Murlidharan

Manoj Murlidharan, VP-Derivatives at Religare Securities told CNBC-TV18, "Sintex Industries would be a buy call in current month's Future. We would recommend buying at Rs 26 and the stop loss should be around Rs 23 and we are expecting the stock to go towards Rs 31. Now we know that after the company news has come in and we have seen the price come to Rs 20-25 odd but a good amount of rollover as well as delivery based buying is happening and we are expecting the follow-up buying to come in."

"We like Raymond as well. The stock has been consolidating for a couple of days and in the last couple of days there has been a breakout which is coming and there is more participation in terms of fresh built-up. So we would recommend buying that as well. So buying Raymonds' current month Futures close to Rs 820 is what we recommend with a stop loss of Rs 812 and we are expecting a target close to Rs 844 on that," he said.

"From the power sector the top pick is Tata Power Company. We have seen good buying and even if you look into rollover wise, the sector has done well in terms of volume-weighted average price (VWAP) price concept. So, somewhere close to Rs 82, we would recommend buying that and the stop loss should be Rs 79 with distribution or a target close to Rs 86," he added.