How To Trade Private Sector Banks : Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and YES Bank

Axis Bank: During Friday session when market was falling drastically, we initiated long near 642 which was short term support for the stock. Hold/Add here and on dips for 684-700 with sl 637.

 HDFC Bank : Stock is trading near long term trendline support. Add on dips near 2200-2160 with sl below 2120 for target 2360.Below 2120 more downside possible.

 ICICI Bank: Stock is near long term trendline however the stock is trading in a wide range from 425 to 385 since long and a breakout is required either side for fresh entry.

 Kotak Mahindra Bank : Stock is trading range bound for last 3-4 months and again hovering near lower end of the range. use dips near 1420-1400 to enter for 1510-60 with sl below 1390. Below 1390 stock can witness fresh selling pressure for 1350-10

 Yes Bank : long was advised few days ago when stock was near 55, dit 64 and retraced again to hit recent lows, but now we are positive for targets of 70-80 in coming weeks with sl 49.