Super Six buy or sell call for Nov 24

On CNBC-TV18's new show Super Six, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Nooresh Mirani, Head, AMSEC-Analyse India and Parag Doctor of Motilal Oswal Securitiest, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.

Manas Jaiswal, Technical Analyst of Emkay Global
We witnessed sharp fall in NTPC from Rs 184 but yesterday it took support near Rs 150 and bounced back sharply. On the daily chart it made a hammer pattern, oscillators are showing positive crossover. So I think stock can go to Rs 167 in next 4-5 trading session. Stop loss should be Rs 152 for long positions. Shree Renuka Sugars is looking weak on the charts. For last 4-5 trading sessions it was trading in the range of Rs 36-32 but yesterday it broke this range downside with decent volumes. So I think this downward journey will continue and stock can test Rs 28. So one can go short with stop loss Rs 32.50.
  Nooresh Mirani, Head, AMSEC-Analyse India
Buy ITC with a target of Rs 200-205 and stoploss at Rs 187. The stock is now testing its 200 DMA and we may find support in the range of Rs 188-192. Traders can buy with a stoploss at Rs 187 looking at a bounce back target of Rs 205.
Buy M&M. The stock has corrected heavily from Rs 850+ levels and is now closer to a trendline support. One can buy at CMP with a stoploss at Rs 660 and target of Rs 720-740.
  Parag Doctor of Motilal Oswal Securities
We at Motilal Oswal Securities would like to recommend to buy Lupin. This stock has stabilized around 200 DMA for last few trading days and has started moving up. The stock is expected to move to the top of the current range, which is at Rs 490 levels with stoploss at Rs 440 which is around 200 day average.
We would like to recommend to sell Bank of India. This stock has struggled to cross the Rs 340-350 resistance for the last several days. The stock is expected to fall to the recent support around Rs 300 with stoploss at Rs 345.