Shubham Agarwal of Motilal Oswal Securities told CNBC-TV18, "I think Axis Bank is something where a sell trade can be created with a stop loss at Rs 450. On the downside, we expect that the stock can slide up to Rs 400. So, that is a short-term call that one can look for with a two weeks timeframe."
"As we look at the overall scenario, it is kind of a no trade zone where we are into. So I am not really looking for taking too much of a trade at this point of time. So, once we have more pattern that develops where we get sign for a trading bet there then I think it makes sense to go and take it. So, at this point of time I would avoid taking too many calls at this point in time," he said.
