BUY AXISBANK
ABOVE 480 TGT 488/495 SL 470
Primary trend of the AXISBANK is bearish
and after giving breakout of its MONTHLY PIVORT POINT level of 500 range bound
movement, it is forming reversal pattern in short term charts, it is likely to
continue the positive movement with the breakout of the pattern at the levels
of 495 .22 and 55&200 days all moving averages seen as resistance level with
the RSI of 40, one may expect the targets of 500/510 in the stock if it manages
to sustain above the immediate support level of 470.
Nifty Entered into Negative Zone Initiate Short Positions
Sensex ended lower by 317
points or 1.08 per cent at 29,167 and Nifty closed down by 91 points or 1.00
per cent at 9,030.Technically,
Today, Nifty was entering into negative zone. Market is expected to see sharp
downfall and looks like it would fill up the gap that was generated on March
14, 2017, before resuming further positive rally. Now, every