Buy Cipla, Torrent Pharma, HCL Tech: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "Pharmaceutical and IT might be in focus at least for couple of days and Cipla is one stock where we have seen excellent delivery buying. So, somewhere close to Rs 525, we are suggesting to buy current months futures with a stop loss of Rs 513 and we are expecting closer to Rs 546 in that.""In Torrent Pharma as well we have seen good buying. We have seen some cash accumulation as well as the stock built up because that is necessary for a follow-up buying to come next day. So Torrent Pharma is a buy at Rs 1,308 with a stop loss of Rs 1,288 and we are expecting close to Rs 1,354 on that," he said."HCL Technologies has shown good short covering. It just happened because on the day of Union Budget the swing was close to 212 points in the downtrend and then we had actually seen the Nifty inch up. Every time this happens, we are looking to the net buying which comes into every sector into the percentage weightage it has on the Nifty." "Offlate in IT, we have seen couple of stocks like Tech Mahindra which has already rallied yesterday. However, HCL Technologies is one stock which can still give you a good trading opportunity. So, we recommend buying that at Rs 840 with stop loss of Rs 830 and we are expecting a target of Rs 858 on that on the current month futures." "We like TVS Motor on a trading prospect and net-net looking into what the derivative built up has given into this stock, we are recommending a long position on the current month futures. We recommend buying this at Rs 285 with a stop loss of Rs 275 and a target close to Rs 302 is what we are expecting in the short-term."