Buy Sun Pharma, JSW Energy, Dish TV: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We are trying to understand the pattern or the instruments that the foreign institutional investors (FIIs) are buying. There is selling in the cash market no doubt about it. If you look at the stock futures there is a good quantum. We are seeing almost 0.8 percent of the cash selling that has been bought into the stock future. We are trying to see those stocks where there is good open interest build up and needless to say there is buying from the domestic institutional investors (DII) side as well. Sun Pharmaceutical Industries is a good buy. I doubt we will get that today but target we have is close to around Rs 883-884.""JSW Energy is one stock where huge delivery buying has happened. If I am not mistaken some 164 percent to a daily average and a good long build up has been seen. We expect this stock to outperform in today’s trade as well. It is a buy at current month futures, buy at Rs 64.90 keeping a stop loss of Rs 63 and expecting a good move all the way to Rs 70," he said."One more stock from the media sector I would like to advocate buying is Dish TV. At levels of Rs 71-71.40 we have seen good buying. We are expecting the momentum to come into this stock, so it is a buy as well, Rs 68 should be a stop loss and we are expecting close to Rs 76 as target on that."