Buy Titan Company, sell Tata Steel: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We like Titan Company, this is one stock where we have seen good buying and we believe this is one sector where there is money coming in terms of delivery buying. So a follow-up buying can come in. So we recommend buying Titan futures; Rs 403 is where we recommend buying that with a stop loss of Rs 394 and a target of Rs 430.""Tata Steel has given a good movement from Rs 368 to almost Rs 420. This is one level where there is some profit booking, which has come in. The stock has moved up and we have not seen much of derivative built up rather there is some distribution in that. We expect 16-18 percent correction. The strategy here is to sell it, close to Rs 420, maybe a stop loss of Rs 420 and expect a target of Rs 400 to Rs 402 on that," he said.