Technical Analyst, Rajat K Bose is of the view that Axis Bank looks quite positive as its actually rising from a major significant support area.

Bose told CNBC-TV18, "Actually in the mid-session, there has been some buying in State Bank, ICICI Bank and Axis Bank. But the interest spitted out later when the market started climbing down once again, as such, I didn’t see much of an enquiry into purchasing of banking stocks, actually people were more focused on metals, pharmaceuticals, agriculture-oriented stocks so banking I didn’t see much of an impact but as such I can tell you that from here, Axis Banks looks quite positive because its actually rising from a major significant support area, so chances are that you could see some good move happening there if over all market sentiment remains good."