Dow Jones Technical View
Dow Zones has been showing some good moves in previous 3 trading sessions and now Dow is on its major resistancr level of 200 DMA at 10470 levels as mentioned in charts.
RSI is in Buy Zone and MACD also showing positive mometum but we need volume to cross the significant ressitance.
If DOW is able to cross 10500 for 2-3 trading sessions we can see new highs on Dow
S&P should cross and sustain above 1100
AXIS BANK
AXIS is moving in a channel and currently is moving on its upper band of channel .
Stock can be traded 2 ways
Buy above 1410 TGT 1423,1439
Short Below 1380 tgt 1364 and 1351
I guess everybody are waiting for the fall which might not come easily before Dow hits 10850, when last bear has turned into bull, visit my blog for Dow updates
Scripts to watch today : DLF, HCLTech, HDFC Bank, HeroHonda, ICICIBank, LT, ONGC, Rcom, RELInfra, Reliance, TataMotors, Biocon, M&M
http://www.4shared.com/document/0P-5mzKn/MySAR_A__Future_for_9th_Sept_.html
Scripts to watch today : Axis Bank, Bhel, DLF, HCL Tech, HeroHonda, ICICIBank, Rcom, Reliance, RELInfra, TataPower, Tisco, Cairn, Biocon.
http://www.4shared.com/document/ZTPM2nay/MySAR_A__Future_for_8th_Sept_.html