Sudarshan Sukhani, s2analytics.com is of the view that one can buy Axis Bank on dip.
Sukhani told CNBC-TV18, "Axis Bank is part of that banking sector which looks wonderful. As of now the target of Rs 1,050 which was an earlier high is within reach. It's a buy on dip stock. Don't rush to buy it as the market opens, but if the market consolidates, banks and Axis Bank and ICICI Bank should outperform."
He further added, "I would still buy ITC . Again the buying should be done if the Nifty decides to consolidate and begins to move up. There is a stop loss to protect traders from any mishap that happens in ITC. But the decline in ITC on Friday may have been overdone. So there is a possibility of a buy trade here."
