Buy Adani Power, Asian Piants, Cairn: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We are just trying to see which sectors have drawn in money because if there is a risk which is distributed, it gets accumulated in other sector. So power, cement and telecom as a sector in the last three to four odd sessions are seeing good value buying happening."

"To top the list Adani Power would be a buy from our side, Rs 51.70 odd is what the future is and Rs 49.8 is the stoploss. We are expecting Rs 56 in that," he said.

"Ambuja Cements is excellent, even last week it was a buy but still there is a momentum. There is still a good upside of 6-8 percent somewhere close to Rs 269, you can buy that. The stoploss should be Rs 245 and we are expecting that to go all the well to Rs 294."

"Asian Paints after a lot of correction we have seen some bottom fishing which is happening and there is good accumulation with the positive cost of carry and we expect that to outperform. It is a good stock. Even for a swing trade but as of now I am giving it for a trading call. It is somewhere close to around Rs 820, you buy that with a stoploss of Rs 807 and we are expecting close to around Rs 846 in it."