Here are some stock picks from Manav Chopra

Watch the interview of Manav Chopra of Networth Stock Broking with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.Below is the verbatim transcript of Manav Chopra's interview with CNBC-TV18ITC"We have noticed that ITC has a very strong support on the monthly charts which is around the levels of Rs 310-315 and the stock after testing that important support has seen a good rally of at least 8-10 percent in a period of 15-18 days. It has responded very well to this support and looking at the overall formation. With the kind of momentum today with volumes it seems that the stock has confirmed higher bottom around the levels of Rs 315 which it formed recently.""Going forward the stock would be testing its important level of Rs 340-345 in the next few trading sessions. So, from the near term perspective the momentum indicators have also turned positive. So, this stock is likely to outperform the market in next few trading days," he said.Tata Chemicals"One can buy Tata Chemicals. The stock has declined by over 12-15 percent from its recent peak and looking at the overall formation, it has entered near its oversold zone and testing near its important long term averages. From the current level, the momentum oscillators are showing series of positive divergence which indicates that there is not much of a downside from the current zone. Since the stock has already declined by over 15 percent from the current level it also provides a very good risk to reward ratio to enter at the current level.""There are some important support clusters for this stock around the levels of Rs 445-450 and one can maintain a a stop loss around Rs 440. We expect the stock to move higher in the next few months and we are maintaining a medium term upside target of around Rs 500," he said.Castrol India"One can buy Castrol India. Last month, the stock had confirmed medium trend reversal signal as it breached the important levels and it traded above its falling resistance line. What we are observing in the last one week is that the stock is consolidating its gains above its long term moving averages and looking at the overall formation with the oscillators which has entered into a buy territory after six months, the stock will move ahead in the near term perspective looking at the overall formations. The stock has seemed to be forming a short term bottom in place. At the current level there are some important supports which is lying around the levels of Rs 470 and Rs 465 can be a stop loss for this stock. We expect high targets of Rs 530 to be achieved."PTC India"One can sell PTC India. The stock has been on a downtrend since past few trading sessions and has been forming a series of lower tops and bottoms. On the intraday chart it has breached the important support clusters of Rs 66 decisively with above average volumes and the prices are also currently trading below its short term moving averages. The stock is likely to retest its previous June lows as the overall set up for the stock continues to be bearish. We recommend a sell on rise approach for the stock with a stop loss of Rs 68 and expect lower targets of Rs 60 to be achieved by next week," he said.