Buy Axis Bank Ltd For Target Rs.710 - Religare Broking
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Derivative Ideas
AXISBANK gained 2.62% and closed at 696.35 on 3rd Jan. We have seen a good upmove in BANKNIFTY which we believe should continue for some time now. AXISBANK is expected to trade in sync with its pack. The Scrip should test its Resistance which lies at 720 levels. We recommend to go Long in AXISBANK.
Strategy:- BUY AXISBANK @ 690-693, SLOSS AT 680, TRGT 710.
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