Axis Bank may touch Rs 430-432, says Anu Jain

Anu Jain, Director-Equities at IIFL Private Wealth Management told CNBC-TV18, "Axis Bank has got resistance at about Rs 428. It is about that Rs 420 zone, so that is about 1-1.5 percent. If it manages to cross that also there is just another percent, Rs 428-432. I see highly unlikely that in this rally it kind of manages to cross that because if it crosses that the next resistance is closer to Rs 450 which looks pretty unlikely in this rally or this sentiment.""When I see the supply zone and when I saw the selling happening over the last ten days there will be people who have not managed to sell at higher levels, who would look for these opportunities to kind of supply. So, probably they will wait for two sessions. So, you can see Rs 430-432 but beyond that would be highly unlikely," she added.