Date:08/10/2006 URL: http://www.thehindubusinessline.com/bline/iw/2006/10/08/stories/2006100801020700.htm

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The stock was rock steady in spite of the turbulence witnessed in the first half of last week. This stock closed the week almost unchanged from previous week's close.

The intra-week movement resembles a running correction, which is a very bullish sign. We can have the price moving higher to Rs 1,061 or Rs 1,088 next week.

The positive outlook will continue as long as the price maintains above Rs 1,000. Trading longs can be held on to, with a stop at Rs 1,000. Some short-term correction can be expected, as daily oscillators are weak.

Lokeshwarri S. K.