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The stock saw subdued trading last week as the price moved in a sideways band between Rs 1,170 and Rs 1,220.

The price has supports at Rs 1,160 and then at Rs 1,110 this week.

Do not initiate fresh long positions if the price falls below Rs 1,170.

The weekly outlook continues to be positive.

The price is moving in an upward moving channel over the medium-term. But fresh longs should be initiated only if the price crosses Rs 1,250 with good volumes.

Lokeshwarri S.K.

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