Buy Colgate, Coal India; sell HDFC: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "HDFC it is a sell, stoploss should be Rs 1,135. We are expecting the value to erode down to Rs 1,020-1,030."

"Axis Bank at Rs 568-570 is the sell. The stoploss should be Rs 584 and we are expecting Rs 538 on that," he said.

"We are buying Colgate Palmolive, Cipla and Coal India, these would be the three stocks that we rely on the long side and obviously we are selling more into the banks."