Go Ad-Free
    My Alerts
    Budget Express 2026

    co-presented by

    • LIC
    • JIO BlackRock

    ASSOCIATE SPONSORS

    • Sunteck
    • SBI
    • Emirates
    • Dezerv
    HomeNewsBusinessStocksShort Axis Bank, says Rajesh Jain

    Short Axis Bank, says Rajesh Jain

    Short Axis Bank, says Rajesh Jain, EVP Retail Research of Religare Sec.

    October 12, 2011 / 08:45 IST

    Short Axis Bank, says Rajesh Jain, EVP Retail Research of Religare Sec.

    Jain told CNBC-TV18, "Axis Bank has been in downtrend and is below its important moving averages. After taking a counter rally from lower levels the stock fell yesterday with good volumes. At current levels it trades close to its falling trend line. One may short in its resistance range of Rs 1060-1070 with a stoploss of Rs 1100 for a target of Rs 975.

    first published: Oct 12, 2011 08:43 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347