Axis Bank may test Rs 530-535, says Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Interesting point in Bank Nifty is that midcap PSU banks have started seeing some long unwinding. However, major private banks which hold the major weightages in Bank Nifty have started seeing some buying coming back. Axis Bank seems to be very interesting to me because the way it is now continuously adding up open interest. The stock trading above Rs 500. I think Rs 530-535 is on card.""Another slightly slower mover I watch very carefully is IndusInd Bank which has been continuously adding delivery based buying as well as the open interest. So, I am looking at the target of Rs 975-980 there. So, I will be watching these two stocks carefully among the banking majors," he said.