KOTAK MAHINDRA BANK - price is 1865
Kotak mahindra bank ,the biggest and unique in its way of working now may act as a proxy to Bank Nifty for playing for upside gains.
1850 levels are very strong supports on monthly and weekly time frames.
these would act as pivots for buying for 2050 and 2200 levels since Bank Nifty is trading at all time highs, also HDFC, ICICI, AXIS all big pvt banks are trading at all time highs.
so buying should be initiated at 1850 for the targets of 2200.
also this stock may safeguard the capital invested in times of declines in the NIFTY - BANK NIFTY and the markets in general.
thanks
Kotak mahindra bank ,the biggest and unique in its way of working now may act as a proxy to Bank Nifty for playing for upside gains.
1850 levels are very strong supports on monthly and weekly time frames.
these would act as pivots for buying for 2050 and 2200 levels since Bank Nifty is trading at all time highs, also HDFC, ICICI, AXIS all big pvt banks are trading at all time highs.
so buying should be initiated at 1850 for the targets of 2200.
also this stock may safeguard the capital invested in times of declines in the NIFTY - BANK NIFTY and the markets in general.
thanks