Wednesday, September 11

Trading Calls:Axis Bank,DLF and Raymonds

Axis Bank

Axis BankAxis Bank was unable to cross its falling trendline, Banks have rallied the most in recent upmove but yesterday most of banks including axis have underperformed the nifty,suggesting selling at higher levels. Some pullback rally is on cards to fill the last gap 952-977. Positional traders can short axis below 987 for short term target of 953 and 932. Any close above 1008 will give short term target of 1076.
Intraday Traders can use the below mentioned levels

Buy above 1000 Tgt..

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