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The price bounced off the support of Rs 1,570 last week and moved in a narrow range as anticipated.

The price is still stuck in the range between Rs 1,570 and Rs 1,720.

A breakout beyond either boundary is required to establish a clear trend for the medium-term.

Price can move to Rs 1,800 if it crosses Rs 1,720.

Buy in dips for short-term trading purpose with a stop-loss at Rs 1,550.

Lokeshwarri S.K.

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