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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.

"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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