Stock of the day : 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
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Kotak Mahindra Bank Ltd
* Within the private banking space, Kotak Bank has been underperforming for the last several months.
* Trading in a broader range of 1600-2000 for over two years and now again inching towards lower band
* Breakdown below the previous swing low adding the confirmation of prevailing tone to continue.
* We thus recommend creating short
positions through the Put option.
Buy Kotak Mahindra Bank Ltd CMP 32.25; Range 31-33; SL 22; Target 54
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
