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NISM Certified Research Analyst & Mutual Fund Distributor.

Sunday 7 April 2013

AXIS BANK 7413

THE COUNTER HAVING BROKE AN IMPORTANT SUPPORT AT 1293 KISSED 1217 AND FINALLY GAVE A CLOSE AT 1229.55. IT WITNESSES GAP DOWN OPENING ON 4TH APRIL AND NOW THIS GAP AT 1266 IS GOING TO ACT AS RESISTANCE FOR THE COUNTER. ON THE DOWNSIDE THE COUNTER HAS NEXT MAJOR SUPPORT AROUND 1207 LEVELS. CONSECUTIVE CLOSES BELOW 1207 + WEEKLY CLOSE BELOW 1207 HAPPENS THEN WE EXPECT MORE PANIC IN THE COUNTER AND IT CAN KISS 1100-1070 LEVELS.


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