Buy Tata Steel, Tata Motors DVR: Manoj Murlidharan

Manoj Murlidharan, Head of Derivatives at Religare Securities told CNBC-TV18, "Metal as a sector, Tata Steel has shown good traction. We have seen good buying. The average has happened between Rs 368-372 and I guess yesterday it closed around Rs 380. We can still buy that."He further added, "The stock has given long built up, so we expect the strategy here will be to buy Tata Steel at Rs 380 and keep a stoploss of Rs 368 and immediate target close to Rs 402 is what we are expecting on that.""Tata Motors DVR is another stock that we feel has seen good delivery based buying and can possibly come into the positive VWAP or the buying which we are seeing in the Nifty since yesterday. So, Rs 340 is the price where we reckon buying that, Rs 329 is the stoploss and that target would be somewhere close to Rs 358 on that," he said.