Stock of the day : Kotakbank Ltd For Target Rs. 75 - Religare Broking
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Kotakbank
* Kotakbank has been under pressure from last more than 5 months forming series of lower highs and lows.
* It has been trading below all its key moving averages suggests weakness in trend.
* It has witnessed a breakdown from support trendline with decent volumes indicates bearish tone to continue.
* We thus recommend creating shorts through the Put option.
BUY Kotakbank Ltd CMP 48.05 ; Range 47-49; SL 34 ; Target 75
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