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Kotak Mahindra has support at Rs 650: Bhambwani
2008-05-09 15:00:15 Source : Markets Midday/CNBC-TV18
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Technical Analyst, Vijay Bhambwani is of the view that Kotak Mahindra Bank has support at Rs 650.
Bhambwani told CNBC-TV18, "Kotak Bank will find support at Rs 650 or Rs 670 levels for the short term. The stock would be bullish only after it starts trading above its 200 day simple moving average, which is currently poised at Rs 910. Unless you see a consistent trade above Rs 910, the upsides are likely to be restricted by overhead supply coming in."
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