Kotak bank looking bullish

By | August 26, 2008

20 DMA BREAKOUT!!!
The stock future recovered nicely from days low and closed with a gain of
3.98% on Tuesday’s session. The stock has also given close above its 20
DMA with good amount of volumes. Leading Indicator RSI (Relative
Strength Index) is rising with positive divergence and is sustaining above
the benchmark level of 50. Considering the technical evidences discussed
above, we recommend buying the stock future for position trading at
current market price for the target of 613, keeping a stoploss of 579.

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