Stock of the day : BUY 1820 CE Kotak Bank Ltd For Target Rs.70 - Religare Broking
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KOTAKBANK
* We seeing strong traction in private banking names and Kotakbank is expected to witness a catch up move.
* After being in corrective phase for past 7 months, now stock is showing some sign of trend reversal.
* It has registered a breakout from bullish inverses Head and Shoulder with noticeable volumes.
* We thus recommend creating longs through the Call option
Buy 1820 CE KOTAKBANK Ltd CMP 40.00; Range* 39-41 ; SL 25; Target 70
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SEBI Registration number is INZ000174330
