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How To Trade : Axis Bank, NMDC and LT

Axis Bank : Stock is trading range bound and tested lower edge yesterday. Stock did 705 to 748 and again hit 702 yesterday, now if sustains below 700 targets will be 685-665-55 to 625. Trade long if sustains above 712.


NMDC: Stock has corrected sharply in recent time, however good support exists around 102-99. One can use this opportunity to enter here for a short term trade keeping the targets at 109-14 with stoploss below 97. Have a look at daily chart:

LT : Stock was doing good in recent past however failed drastically on budget day. Charts study indicates that stock has broken major support and can test 1240 below 1290 and below 1240 target can be  1100. However if sustains above 1310 we can retest 1345-80. Have a look at daily charts.