Buy ICICI Bank, sell Axis Bank: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Axis Bank is a sell purely from a technical point of view. This stock would need to consolidate before it takes out Rs 499-506 kind of resistance zone. If it were to take out that decisively then only I expect further upswing otherwise it would come down to retest Rs 484 hence this trading call.""I would say put a stoploss above Rs 502, you may not even put a stoploss at Rs 506, put a stoploss above Rs 502 and your targets should be Rs 484 and Rs 477; it is a sell," he added. "ICICI Bank from open interest creation point of view, from delivery based buying point of view, from every angle chart pattern it is a buy. You put a stoploss below Rs 227.80 and your targets would be Rs 237 to Rs 239," he said.