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Friday, September 16, 2011

TRADING RECOMMENDATIONS Kotak Mahindra Bank Ltd.

Technical Outlook & Trading Strategy:-

The share price of Kotak Mahindra Bank has registered a break-out from its Inverted Head & Shoulders pattern.

This is a bullish pattern and the measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 500/ Rs 510.

We recommend buy at current price with a stoploss placed below Rs 467.80.

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