Rajesh V says: Markets very volatile, opportunity in Axis bank and aban-offshore

Written by: Rajesh V

Opportunity to profit in Axis bank and Aban-Offshore
Axis Bank: Quotes, News
BSE 521.30BSE Quote5.3 (1.02%)
NSE 521.55NSE Quote4.55 (0.87%)
Aban Offshore: Quotes, News
BSE 279.05BSE Quote15.35 (5.50%)
NSE 279.00NSE Quote14.45 (5.18%)
- Nifty Future (Refer chart- Nifty)

Nifty has to hold above 5110 levels, a close above this level will add strength in market.

Supports – 5110 / 5067 / 5040
Resistances – 5160 / 5186 / 5230

Bank Nifty future (Refer chart- Bank Nifty)

The last three days Bank Nifty closes above pivot level, then it will be considered positive for bulls; still today it has to close above 10250 to maintain its bull mood.

Supports – 10400 / 10345 / 10250/ 10195
Resistances – 10450 / 10520 / 10610 / 10670

Intra day calls

Aban offshore
Buy above Rs 406
Stop-loss Rs 401.50
Target Rs 411 / 415

Axis Bank
Buy above Rs1254
Stop-loss Rs 1240
Target Rs 1280

Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com

If you would also like to contribute or send us a feedback, then e-mail to money (at) oneindia (dot) co (dot) in

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