HomeNewsBusinessStocksGo long in OBC, Kotak Mahindra Bank: Manoj Murlidharan

Go long in OBC, Kotak Mahindra Bank: Manoj Murlidharan

Manoj Murlidharan of Religare Securities is of the view that one can go long in Oriental Bank of Commerce and Kotak Mahindra Bank.

December 18, 2014 / 11:19 IST
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Manoj Murlidharan of Religare Securities told CNBC-TV18, "I would simply follow those stocks which are trading above yesterday's VWAP and even if it is a Bank Nifty, one can still buy, 18,440 is what we are expecting. VWAP would be the resistance at least for the Bank Nifty."

"Stock specific, I would still go with Oriental Bank of Commerce where we feel there is a good buying coming and may be Kotak Mahindra Bank. In these two stocks we can go long at least till the weighted average price," he added.

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Disclosure: Analyst has mentioned these to his clients and he does not have any personal holdings.

first published: Dec 18, 2014 11:19 am

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