THE COUNTER POSTED SWING LOW OF 634.1 RECENTLY BUT MANAGED TO HOLD ITS SUPPORT AREA AROUND 660 LEVEL. IT CONSOLIDATED AROUND THE SAID SUPPORT AREA OF 665 AND TODAY IT MANAGED TO GIVE A CLOSE ABOVE 710 LEVEL AFTER KISSING ITS RESISTANCE AREA OF 723 LEVEL. WITH INDICATORS LOOKING MODERATELY BULLISH WE ARE OF THE OPINION THAT THE COUNTER MAY SHOW INTRADAY STRENGTH IN NEAR FUTURE. RECOMMEND BUY AT 715 SL 697 TGT 735-740.
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