Sell Axis Bank, says Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "Since last seven-eight sessions we have seen that Axis Bank is not crossing Rs 517-520 levels. Current closing is at around Rs 491. What we are looking at is keeping a stop loss of Rs 500 which is now average and which has been near by trading average. So keeping Rs 500 as a stop loss, one can look at selling Axis Bank and target would be Rs 460-461."At 09:36 hrs Axis Bank was quoting at Rs 488.50, up Rs 1.40, or 0.29 percent. It has touched an intraday high of Rs 489.95 and an intraday low of Rs 485.20.