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B. Krishnakumar

Contrary to expectations, the stock ruled firm and managed to weather the bearish phase witnessed last week.

Except for a fall on Wednesday, the trend remained positive in the remaining two days of the week.

As observed last week, a move past the positive trigger level of Rs 570 imparted strength.

The near-term outlook is positive and a move to Rs 595-600 appears likely. Hold with a stop-loss at Rs 525. Fresh long positions may also be considered with the same stop-loss.

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