Buy Kotak Mahindra Bank at current levels: Sukhani

Sukhani told CNBC-TV18, “We are looking at something around Rs 675 for Kotak Mahindra Bank and that’s a good 3-4 percent from current levels, that’s the point where it should face the first resistance and it also has a pattern target there. So even at current levels somebody can venture into a buy.”

He further added, “ United Spirits , since none of us know exactly what the deal will be if it comes through and whether existing shareholders will benefit more than the Rs 1150 price. It is just guess work. My own sense is given the nature of similar deals in the past it is generally wise to wait if the deal is coming through. The shareholder gets more than the current market price. That is a big if I wouldn’t know that but it is usually better to wait.”