Sep 25, 2012, 05.46 PM | Source: CNBC-TV18
Shardul Kulkarni, Angel Broking advice traders to buy Axis Bank around Rs 1060- 1070.
Kulkarni told CNBC-TV18, “In the PSU segment I think that I would look at booking profits and moving out especially Bank of Baroda as well as Punjab National Bank. I think the stocks have given you a decent run up.”
He further added, “PSU banks show you negative diversions on the hourly charts so it makes sense to atleast book partial profits from a trading perspective. I would expect about 4-6 days of consolidation in both these stocks. PNB as well as Bank of Baroda, Axis was one stock which moved from around Rs 890-900 levels straight to Rs 1100. I think that going forward I would look at another correction in case of Axis. Stock may move to around Rs 1060-1070 that would be a good time to actually enter into Axis Bank for those who have missed the rally.”
Disclosures: Yes it is possible that we have recommended the stocks to our clients and we have them in our portfolio.
Deutsche Bank is cautious that its stress is likel
Prakash Gaba of prakashgaba.com recommends shortin
Geojit BNP Paribas is bullish on Axis Bank has rec
Rajat Bose of rajatkbose.com is of the view that o
Private sector lender Axis Bank today cut lending