Hi ,
If you are using vSphere 5.1, Yes you can use VMware Standalone vSphere Replication , since vSphere Replication is included in Standard Lincenes.
http://www.vmware.com/products/datacenter-virtualization/vsphere/compare-kits.html
Short Video on vSphere replication
http://blogs.vmware.com/vsphere/tag/vsphere-replication
Refer this link for configuration
Regards
Mohammed