Buy Lupin, JSW Energy; short ICICI Bank: Manoj Murlidharan

Manoj Murlidharan, Head of Derivatives at Religare Securities told CNBC-TV18, "We like Lupin, that is the stock where we have seen good buying happening on the long build up. So we recommend buying the October future at Rs 1,515. The stop loss we recommend is Rs 1,503 and we expect a target close to Rs 1,544.""JSW Energy is a buy as well at Rs 71 to Rs 71.50. We would recommend buying on the current month futures. We are expecting the stock to be somewhere close to Rs 74 before expiry. So the stop loss should be Rs 70 on that with a target of Rs 74," he said."We feel Bank Nifty has resistance close to 19780-19,800, we are not seeing it go beyond that. So Rs 272 to Rs 274 should be the resistance for ICICI Bank. We recommend shorting close to Rs 270. The stop loss should be Rs 278 and the target of VWAP on ICICI Bank should be Rs 255."