CHOLA FIN - SHORT TO MID TERM OUTLOOK

Chola fin is looking steady on charts and it has a good potential for upside in the short to medium term. The base level for upside would be 1485, and up on crossing this level, we can expect it to continue momentum upto levels of 1656-1716. On the downside, the important support area is 1415-1360, and imp. short covering levels are 1309 and 1258. The view remains invalidated if Chola fin breaches 1250 on the downside.
NOT A BUY/SELL RECOMMENDATION.