Kotak Mahindra, JP Associates may see smart rally: Sukhani

Sudarshan Sukhani of s2analytics.com feels that Kotak Mahindra Bank, Jaiprakash Associates will see smart rally ahead.

Sukhani told CNBC-TV18, “Kotak Mahindra Bank is a buying opportunity and most banks are. Kotak is finding support at Rs 525-530 level. Different banks have found support at different levels. There is a rally. This rally could easily go back to Rs 580-590 or Rs 600 level so there is more headroom here.” He further added, “Jaiprakash Associates has a remarkable reversal pattern. It’s on the verge of a breakout and an immediate target of Rs 66 and an eventual target of Rs 71-72 is likely. It’s a good stock to buy for few days, not just day trade."