Axis Bank uptrend is expected to reach 1348 till 27th June 2024

Axis Bank is trading near 1271 as on EOD 25th June. Highest outstading call OI is standing at strike price of 1200 which is 37.87 Lacs call written off near about 6k+ lots and the total of all ITM calls writing postion is stading at 98 Lacs quantity against the ITM put writers to 19lacs qty.

So broadly Axis Bank is expected to open GAP up on 26th June 2024 because of short coverting which can help opening Axis bank near 1292 and if it crosses 1300 and sustain then expect another 40 points move due to month end expiry.

IF not then ateast avoide trading down side in Axis bank till month end expiry