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Stock of the day : Kotak Mahindra Bank Ltd For Target Rs.54 - Religare Broking Ltd
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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
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SEBI Registration number is INZ000174330
