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

By Rajesh V

Opportunity to profit in Axis bank and Aban-Offshore
Axis Bank: Quotes, News
BSE 633.90BSE Quote35.45 (-5.59%)
NSE 632.00NSE Quote37.2 (-5.89%)
Aban Offshore: Quotes, News
BSE 28.55BSE Quote1.25 (-4.38%)
NSE 28.55NSE Quote1.35 (-4.73%)
- 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 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 DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Story first published: Thursday, August 11, 2011, 9:22 [IST]
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