Friday, May 14, 2010

14 May 2010 Nifty seems in Range bound Axis Bank short With SL 1296

U.S. Market session in negative territory with marginal losses.Losses surged during final hour trade as seller intensified there efforts.Benchmarch indices are likely to open in negative zone as following the U.S. market on thrusday FII's were net seller in equity and debts.
Advising to short Axis Bank CMP 1278 Short it around 1280-1284 Target of 1268-1274 on Interaday basis and on holding basis of 2-3 session expect it 1220 -1240 With SL of 1296
Regards
Sauraabh