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Last Updated : Nov 30, 2017 11:09 AM IST | Source: CNBC-TV18

F&O expiry: Buy Granules India, Indiabulls Real Estate, JSW Energy, says Manoj Murlidharan

Manoj Murlidharan of Religare Securities

CNBC TV18 @moneycontrolcom

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We like Granules India. There is good buying happening in the cash market and there is a very good rollover which is expected. Since the cost of carry for the stock is positive, we are expecting a follow up buying to come in today’s trade as well."

"Granules becomes a buy specifically for intraday or a swing trade as well. The cost could be Rs 131, we recommend to buy that. We feel that the stock might rally all the way to Rs 142-144 – that should be the target and the stop loss should be Rs 126."

"We would recommends buying Indiabulls Real Estate in the cash market. We all know there is a contract which is expiring in today’s trade, so, buying it somewhere close to Rs 208-210 because we expect the weighted average price of Rs 238 to be seen. The stop loss should be let us say Rs 198," he added.

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"In JSW Energy, there is huge buying which has happened in  the entire month of November and we believe the stock is all poised for a big move. Somewhere close to Rs 81 is where we recommend strongly buying JSW Energy, stop loss should be Rs 78 and we are expecting a good 10 percent move on that. So the target should be somewhere close to Rs 88," he said.

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First Published on Nov 30, 2017 11:08 am
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