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Lokeshwarri S.K.

The stock moved in a tight range through last week before dipping to Rs 963 on Friday. The chart continues to show traces of weakness.

The resistance at Rs 1,000 is turning out to be a strong hurdle for the time being.

Unless Rs 1,020 is crossed in the early part of next week, there can be a slide to Rs 941 and then Rs 917.

Fresh longs should be initiated only on a breakout above Rs 1,020. Resistance on the upside will be at Rs 1,040 and then at Rs 1,100.

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