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drop2sachin

Axis bank searching for a base...could move to cloud area

Short
AXIS BANK (NSE:AXISBANK)  
drop2sachin Updated   
NSE:AXISBANK   AXIS BANK
Trend Analysis Chart Patterns Technical Indicators AXISBANK
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trendanalysis chartpattern indicator axisbank
Axis bank is looking week and could move to cloud area where it might find some support 520-530. a pull back till 615-620 is also possible where there is huge resistance and could be a area to short there with small SL. but overall it is looing -ve
Comment:
AXIS bank OI is clear maximum OI is with 550 put and 600 CE is having maximum OI ..however maximum OI change is clearly with 600 CE but 520 put has maximum OI addition so looks like it will be in 550-600 range so we can short on any upside as per current OI data
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