Manoj Murlidharan of Religare Securities told CNBC-TV18, "We are seeing that there is some money pouring into defensive in the last three to four odd sessions when we started the rollover. We like Lupin and Aurobindo Pharma, these are the top bet. We like Lupin, at Rs 1,695 it is a buy with stop loss of around Rs 1,690 and we are expecting that to go to Rs 1,740."
"Aurobindo Pharma is also a buy. We are expecting that to go to Rs 1,068. Today is the only day we have and we are expecting Nifty to be positive and there are sectors like textile which has shown good roll over. So Arvind tops the list, we can buy it. With a stop loss of Rs 292 we expecting close to Rs 314," he said.
"For defensive pack and fast-moving consumer goods, we like Colgate Palmolive which is the top pick. With Rs 1,896 as a stop loss we are expecting Rs 1,953 as a target on Colgate."
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