Racket’s raised making shot (4)
I believe the answer is:
stab
'shot' is the definition.
(I've seen this before)
'racket's raised' is the wordplay.
'racket's' becomes 'bat's' (bat is a kind of racket).
'raised' says the letters should be written in reverse (going up in a down clue).
'bats' in reverse letter order is 'STAB'.
'making' acts as a link.
(Other definitions for stab that I've seen before include "shot in the dark?" , "Pierce with a knife" , "effort" , "Wound with pointed weapon" , "Run through - essay" .)