Here's why Hemant Thukral picks Manappuram Finance, Zee Entertainment

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "We have selected two stocks for recommendation today - one is Manappuram Finance, its non-banking financial company (NBFCs). There are two-three data points which are suggesting that the stock has seen a lot of long positions. One, the open interest addition, 16 percent open interest has been added up in Friday's trading session. Second, 105 Call writers started unwinding their positions in the later half and we saw 105 Put writers getting active which suggests that there is more room on the upside, so we recommend a buy here with a stop loss of Rs 101 and a target of Rs 110 on the same."

"The second stock that we are playing today is Zee Entertainment. The reason to buy Zee is that the open interest addition has happened on 3 percent. Second, the way 560 Call has seen a lot of buying coming in, in fact 11 lakh shares added up on 560 Call with implied volatility moving up obviously because of the results but with the premiums also moving up. So, a lot of buying is seen there. So we see that there is expectation on the positive side and Zee closed at a new 52 week high. That is why we feel that Zee will continue its journey on the upside, so we are keeping a stop loss of Rs 545 and we expect a target of Rs 573 today," he added.