Stock of the day : Buy Kotak Mahindra Bank Ltd For Target Rs. 54 - Religare Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Kotak Mahindra Bank Ltd
* Kotak Bank has been underperforming within the private banking space, after the failed attempt to surpass the hurdle at 2000.
* Seeing selling pressure after the breakdown of its previous swing low at 1820.
* After a minor breather, it reversed finding resistance around its short term average i.e. 20 DEMA suggests weakness in trend.
* We thus recommend creating short positions through the Put option.
Buy Kotak Mahindra Bank Ltd Recom. BUY 1760 PE CMP 28.75; Range 27-30; SL 14; Target 54
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
