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.

TRADING RECOMMENDATIONS BF Utilities Ltd.

Technical Outlook & Trading Strategy:-

The share price of BF Utilities has registered a strong bounce back from its short term moving averages.

The Overall technical set up remains positive. We believe that the stock price could head towards the level of Rs 550-Rs 560 in the near term.

We recommend buy at current price with a stoploss placed below Rs 508 levels.