Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have a positive view on Century Textiles and Strides Arcolab. Recently Century has taken support near Rs 500 zone and moving upwards from last three to four trading sessions. Overall we have seen short covering followed by built up of long position and stock is holding above its 50 day moving average. Stock is all set to cross its major hurdle of Rs 560-565 zone which is acting well from last seven-eight weeks. So, as of now we are expecting it to close the upside hurdle. So, recommending to buy with stoploss of Rs 545 for upside target towards Rs 585-586.""Today Strides made new lifetime highs and has been moving upwards from last three or four trading sessions. Today itself it had an open interest by around 8 percent which indicates that fresh longs are even coming in new high territory. So we are recommending to go long on Strides with stoploss of Rs 1,315 for new high towards Rs 1,410-1,420," he added.
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