|
Jun 18, 2012, 04.04 PM IST
Axis Bank has resistance at around Rs 1050, says Shubham Agarwal of Motilal Oswal Securities.
Axis Bank has resistance at around Rs 1050, says Shubham Agarwal of Motilal Oswal Securities.
Agarwal told CNBC-TV18, "In the banking space I would look for Axis Bank and Bank of India . Now both stocks have actually not been able to sustain higher levels. If one look at Axis Bank it is very much stable around the resistance areas and even after the rally which happened recently it was not able to outperform." He further added, "One should look at stocks which are not been able to outperform on the rally, so Axis Bank is one of the pick where we have resistance around Rs 1050 and the downside is open around Rs 900. So we have a decent risk reward to trade there so that is a stock I would like to pick." Disclosures: We might have recommended some of the scripts to our clients.
|
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
