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This counter continues to struggle to close beyond the resistance at Rs 1,105 though this level has been breached many times. However, the sideways movement since Wednesday is a positive signal. The price can move higher to Rs 1,150 and then to Rs 1,191. Since, the move from the low of Rs 910 appears to be part of corrective move, the price can react downward from the previous high of Rs 1,187. The supports for the week are at Rs 1,052 and then Rs 1,011. Buy in dips for short term trading purpose with a stop at Rs 1,050.

Lokeshwarri S. K.

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