Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "The open on Axis Bank was Rs 458. After the open the shorts cannot take the stock down by more than Re 0.50. Then it is probably a bit worrying for them. The stock also has stopped at the 20-day moving average. So, people who are short should become extremely careful because this is not the sign of a stock which on bad news is refusing to go down." "Several stocks have restarted their uptrend post sharp rallies. So, Dewan Housing is a buy with a stop loss of Rs 275 and target of Rs 292," he said. "Sona Koyo Steering is a buy with a stop loss of Rs 68 and target of Rs 80." "Yes Bank continues its upside momentum; that is a buy with a stop loss of Rs 1,355 and target of Rs 1,400."
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