Axis Bank can add another Rs 10-15: Kulkarni

Kulkarni told CNBC-TV18, "Axis Bank has fallen from the higher levels and I think that from Rs 1100 to Rs 1020 yes today the stock is positive, it has taken support near an important support level. But the charts do not say buy at least at this point of time because a bounce which may move to around Rs 1060 I would expect the stock to show you resistance at around Rs 1060-1070."

He further added, "If you are just a 2-3 days positional trader, then yes the stock may give you another Rs 10-15 from the current prices. But overall I don’t think that the chart structure is quite positive."