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Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:
NIFTY: BUY
TARGET: 10,700
STOP LOSS: 10,390
Nifty closed in the negative territory in the last trading session however the index has recovered well from the lower levels. The momentum indicator MACD in the short term is also well in buy mode, so we recommend buying this for the target of 10,700 levels with a stop loss of 10,390 levels.
CENTURY TEXTILES: BUY
TARGET: Rs 1,007
STOP LOSS: Rs 800
The stock has completed a five wave declining structure on
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