Target of 1400 for Axis Bank: Devang Visaria

ET Now spoke to Devang Visaria, Chief Strategist, devangvisaria.com, on his views on the market.

ET Now: How do you rate TCS and Axis Bank?

Devang Visaria: Axis Bank won a lot of trader confidence rather than investor confidence. Axis Bank has clearly broken into fresh all-time highs.

Even TCS, it was looking a kind of a bit weak on the charts and likely to correct but today's results are seeing a lot of positive action, possibly lead more by short covering than any fresh buying. So I would like to wait and watch for TCS at least but Axis Bank, buyers continue to be the upside and possibly 1400 should be the next targeted level for Axis Bank.