Buy Castrol, Biocon, IGL, PTC India: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Castrol India has made double bottom near Rs 362 zone and after a long time it is giving an early sign of bottoming out. It has also taken support near to its 50-weekly moving average and because of it the bounce back cannot be ruled out in the counter. So, recommending buying with a strict stop loss of Rs 374 with a bounce back target of Rs 390.""Biocon is a slow mover but it has made head and shoulder pattern and also holding about 50-day moving average for the last five trading sessions. We have seen some short covering and holding above Rs 490 may take it to Rs 500-505 level on the immediate basis. So, recommending buying the stock with a stop loss of Rs 481," he said."Indraprastha Gas (IGL) has given a breakout on falling supply trendline and is also making attractive price pattern. The whole trend of the counter is positive, so I am recommending buying it with a stop loss of Rs 530 for the higher target of Rs 560.""I have a buy call on PTC India. The stock is making a positive price pattern holding the support. Above Rs 64.50-65, it can move towards Rs 68-70 levels. I am recommending buying on decline with a stop loss of Rs 61.50 for target of Rs 68," he added."Bata India has been consolidating in a range and finding supply near to Rs 485-500 zones. In the last six weeks it has fail to surpass Rs 500 levels and every time it falls down from that level, so recommending selling with a stop loss of Rs 500 and expecting it to go down to Rs 465 level. We have seen some built-up of short position and the way the stock is continuously falling down even after the market recovery from the level clearly indicates weakness.""I have a sell call on Jubilant Foodworks. The stock has failed to surpass 50 day moving average. In the last five trading sessions, it headed to Rs 1,190 zone but failed to hold the kind of levels and now breaking immediate support of Rs 1,120, so recommending to sell with a stop loss of Rs 1,140 and expecting it to go down towards Rs 1,060 level."