Technical Call:Bank Nifty and Axis Bank

By | July 17, 2012

Bank Nifty

Bank Nifty is consolidating the upper end of channel and today Axis bank results can either make or break the trendline on closing basis.Nifty has broken the 20 DMA but bank nifty is still trading above it showing the bullish strength bank nifty is showing.

 

Buy above 10604 Tgt 1065610692 and 10744

 

Axis bank

Till Axis bank holds 1026 the stock will remain bullish, resistance comes at 1095. Results impact will be seen today

Buy above 1059 Tgt 1071,1085 and 1096

Sell below 1025 Tgt 1018,1005 and 987

Leave a Reply