MUMBAI: Anand Rathi Securities has a ‘buy’ call on Kotak Mahindra Bank around the current price of Rs 575 for target Rs 750 and stop loss of Rs 500.
Based on the chart pattern to date, the stock is likely to get support around Rs 520.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 750 level it could even touch Rs 790 levels.
Kotak Mahindra Bank, after a descent consolidation, exhibits a trend reversal; rise in RSI from over sold zone indicates a medium term buy.
Search Stock Exchange News & Tips
Custom Search
Subscribe to:
Post Comments (Atom)
LinkWithin
Popular Posts
-
Bank of America is trying to figure out the regulatory barriers in doing business with India's largest private company Reliance Industri... -
SBI Bonds 2011 is going to list on the Exchanges effective from Wednesday, March 23, 2011 in the list of "F GROUP". SBI Bonds Seri...
-
Mumbai: Netherlands-based Rabobank Nederland announced on Friday that it had received permission from the Reserve Bank of India (RBI) to s...
-
Erasing its opening session gains, the Bombay Stock Exchange benchmark lost over 80 points during the pre-close session on Tuesday due to pr...
-
In what comes as a major setback to Infosys Technologies , board member TV Mohandas Pai has resigned, the company said in its press release ... -
The key benchmark indices surged, snapping four days' losses as world stocks rose and as a slide in crude oil prices from 2-1/2-year pea...
-
The 50-share Nifty index slipped to its 2-month low on Thursday, breaking key technical support levels of 5150 on weak global cues. "De...
-
Indian stock markets continued to trade marginally in the red in the afternoon trading session on Thursday. At 2.30 pm, the Nifty stood ...
-
Rajeev Chandrasekhar, Member of Parliament - Rajya Sabha tells exclusively to CNBC-TV18 that he is ‘underwhelmed by the new draft telecom p...
-
Finance Minister Pranab Mukherjee today presented Union Budget 2012 , the 81st Budget in India's history. Individually, this is Mukher...
No comments:
Post a Comment