With healthy provision cover, reasonable buffer to face Covid-led disruptions, adequate capital and excellent liability to propel growth, Axis Bank appears to be at a vantage position to accelerate the growth pedal in the post Covid era
People appear to be less worried about a fall now. They are building long positions on the Futures side as well. At around 5470-5480 odd levels, which has seen the market take support for almost two times in the recent past, some kind of a support is seen coming in and it may just be the short-term bottom.
Laurence Balanco, Asian Technical Research at CLSA expects the Nifty to trade rangebound between 4,700 and 5,100 for the near-term.
Sudarshan Sukhani of s2analytics.com feels that ITC can come down to Rs 200.
Stay away from metal space, says Sudarshan Sukhani of s2analytics.com.
US stocks fell on Monday as rising bond yields in Italy and other euro-zone countries reminded investors that despite changes in governments, the region's debt crisis could still spin out of control.