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Technical calls from HDFC Securities: Buy Canara Bank, Axis Bank

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.

Equity fund managers buy Infosys, sell Reliance Industries in October
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Vinay Rajani Mumbai
NIFTY HEADING TOWARDS 12,300; SUPPORT SEEN AT 11,900
 
Nifty registered fresh all-time high at 12,132 and saw some profit-booking at higher levels on Tuesday. The bullish technical setup of Nifty is well maintained and there is no sign of bearish reversal as of yet. Nifty is heading towards the upside target of 12,300. Longs should be protected with the stoploss of 11,900.
 
BUY AXIS BANK (Rs 755) | TARGET: Rs 820 | STOP-LOSS: Rs 707

The stock price has surpassed a multiple top resistance of 754 on closing basis. It has broken out from the last three weeks' price consolidation

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