Buy Kotak Mahindra Bank, says Amit Harchekar

Amit Harchekar of A PLUS Analytics told CNBC-TV18, "In last four days, Kotak Mahindra Bank has seen addition of close to 55 lakh shares of open interest and the stock has already given a reversal from the long-term bearishness the moment it closed above Rs 670. We are now expecting follow-up buying in Kotak Bank at these levels.""We are recommending buying even at these levels, maintain stop loss of Rs 665 because Rs 670 turns out to be the breakout point. We are expecting this stock to rally beyond Rs 700 in the coming days," he said.