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Lokeshwarri S. K.

The pre-result rally in ACC ensured that the stock went close to our second short-term target. The momentum slowed down, after the stock registered the intra-week high of Rs 825. The short-term supports exist at Rs 784 and then Rs 762. Strength above Rs 784, next week can take ACC higher towards Rs 819 and Rs 840.

The 50-day moving average positioned at Rs 845 will be an important resistance for the week. A firm close above Rs 850 is required to make the medium term outlook positive.

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