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Nifty view & stock calls by Anand Rathi: Buy Bharti Airtel, Cadila Health

The stock of Bharti Airtel is making a higher top and higher bottom pattern on the daily chart and has formed a Doji candlestick pattern which hints of a trend reversal

The broader structure still looks weak and If Nifty unable to surpass the psychological hurdle which is placed at 10000 levels, we can expect some profit booking
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The broader structure still looks weak and If Nifty unable to surpass the psychological hurdle which is placed at 10000 levels, we can expect some profit booking

Nilesh Jain Mumbai
SELL NIFTY | TARGET: 9,600 | STOP LOSS: 10,000

The Nifty index continued its upmove and also filled a gap that was placed at 9,700. Now, since we have already seen a rally in the past couple of sessions, one should refrain from creating any aggressive long position at higher levels. The broader structure still looks weak and if Nifty is unable to surpass the psychological hurdle of 10,000 levels, we can expect some profit booking. So, we advise aggressive traders to initiate a short position with a strict stop loss of 10,000.

BUY BHARTI AIRTEL | TARGET: Rs 600

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First Published: Jun 02 2020 | 7:44 AM IST

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