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Sunday, October 25, 2009
AXIS BANK
AXIS BANK
The stock has had a bullish candle along with good volumes (marked in red circle) and recently the mid point at 960 which now becomes a good support. If that breaks further and final support is at 930 below which stock will get weak, also the stock closed at 13 DMA
The resistance lies at 1034 which is the 34 dma and a close above it can take the stock to 1107 which is the next strong resistance.
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