Pick Just Dial, Grasim Industries: Manoj Murlidharan

Manoj Murlidharan, Head-Derivatives at Religare Securities told CNBC-TV18, "It is a positive start, so we would expect stocks which have seen cash based buying which has happened in the last three-four days and the bounce till the weighted average point is what we are expecting. So Just Dial is a perpetual bet at Rs 770 with a stoploss of Rs 750 and we are expecting a bounce, Rs 804-805 is where we are expecting the target to be."He further added, "Grasim Industries is also a buy from cement sector. This is one stock where we are expecting good bounce, Rs 3450 is where we recommend buying with a stoploss of Rs 3,395 and we are expecting the stock to bounce to Rs 3,540.""Colgate Palmolive (India) is a good stock. Needless to say that in FMCG there are four stocks that we are seeing the bounce might come in because we are entering into the expiry and the stock future is a buy. We are expecting a bounce on this stock, Rs 911 is where we advocate buying this with a stoploss of Rs 897 and the target that we are expecting is Rs 934," he said.