Friday, June 21, 2013

KOTAK BANK

KOTAK BANK

KOTAK BANK is moving in a downward channel. We can not say at this stage whether the channel in Red lines is correct or Channel in Blue lines is correct. So breaking of the Red channel or pull back to yesterdays(761 or 34 EMA@750) high, one can initiate short trade for targets of 706 with SL at 770.

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