On the technical front, immediate support is seen around 57,850, followed by 57,200-57,000, where the 200-DMA is placed. A decisive breach below these levels could invite fresh selling pressure. On the upside, immediate resistance is placed near 58,400, while a sustained breakout above this hurdle could open the door towards 58,800-59,000 in the coming sessions. It continues to trade above its 10-, 21-, 50-, and 100-DMA, reflecting a favourable medium-term structure.
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