Buy RBL Bank, Just Dial, BEML: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We will go with RBL Bank. We have seen good derivative money come in and the concept of VWAP usually works in the second half of the contract as well. So we feel that Rs 509 to Rs 508 is where we recommend buying, Rs 498 is stoploss and we are expecting a target close to Rs 521 on that."

He further added, "BEML would also be a buy pick. The levels would be Rs 1,320-1,340. Try to buy the June futures with a stoploss of Rs 1,280 and we are expecting closer to Rs 1,400."

"The third pick would be Just Dial. I believe there is derivative money and the momentum of a follow-up buy can still come in. So, we recommend buying at close to Rs 408 with a stoploss of Rs 398 and we are expecting close to Rs 20-25 somewhere close to Rs 428 as a target on that,' he said.