- Upside resistances at 24 followed by strong resistance band in the 27-29 range. A decisive closing above 29 could see it going upto 34 levels quickly in the medium term.
- On the downside, support at 20 followed by18 and then a strong support at 16 levels.
- Long term investors, willing to ride out possible volatility, can buy at CMP and hold for a 12-month target of 42 approx.
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