Gaba told CNBC-TV18, "UTV Software Communications has given a good technical break out somewhere around Rs 480 levels. Structurally some kind of blip is there but still it is up. Even if it comes down to around Rs 500 levels, likely to find strong supports here. So structurally there is not much downside but in short-term there could be some blips. Upside maybe around Rs 600-650 plus is a possibility. Maybe it needs to spend some time in this region, consolidate, again a fresh break out and Rs 555 levels."
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