Prefer Bank Nifty over Nifty; buy L&T, SBI: Religare

Brokerage firm Religare Securities is positive on the market and recommends buying in private sector banks.Speaking to CNBC-TV18, Manoj Murlidharan of Religare Securities says earlier the public sector unit (PSU) banks alone tried to pull Bank Nifty up, but now even private banks are supporting the index.Hence, he prefers investing into Bank Nifty over Nifty and recommends buying at 18,500 Oct Call at Rs 92-94 with a stop loss of Rs 40 and target price of Rs 240.Here are Murlidharan's trading calls for October future:Buy L&T Oct future Stop Loss- Rs 1445 Target- Rs 1520Buy SBI Oct future Stop Loss- Rs 233 Target- Rs 252Buy SKS Micro future Stop Loss- Rs 390 Target- Rs 435