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Trading calls by Ajit Mishra of Religare Broking: Buy Axis Bank, Marico

Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range

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Marico has been gradually inching higher since March 2020 and is currently trading closer to its record high

Ajit Mishra Mumbai

2 min read Last Updated : Jan 06 2021 | 10:24 AM IST

Axis Bank Limited

Recommendation: Buy

Last Close: 664.45

Initiation range: 658-662

Target: 710

Stop loss: 640

We're seeing noticeable participation from the banking pack in the recent rally. Among the private banking majors, Axis Bank has witnessed a fresh breakout on January 5, after spending nearly one and a half months in the consolidation range. The exponential surge in volumes further adding to the confirmation. We advise using any intraday dip to accumulate in the given range.

Marico Limited

Recommendation: Buy

Last Close: 419.70

Initiation range: 418-422

Target: 450

Stop loss: 405

Marico has been gradually inching higher since March

Topics : Stock calls Stock tips Markets

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