As per chart, Kotak bank is trading in perfect channel
so if it closes above 1545 on daily basis
then it has tendency to give breakout upto 1600
Reason: Market being very volatile in past days but Kotak seems to be sticking into range.
Now there are two possibilities first breaking up side, the range of 1545 to 1555 for breaking downside the range of 1450 to 1440
Lower side target will be 1350
But still I expect it to break up side and Close above 1555 is must
Watch it carefully !!!!
so if it closes above 1545 on daily basis
then it has tendency to give breakout upto 1600
Reason: Market being very volatile in past days but Kotak seems to be sticking into range.
Now there are two possibilities first breaking up side, the range of 1545 to 1555 for breaking downside the range of 1450 to 1440
Lower side target will be 1350
But still I expect it to break up side and Close above 1555 is must
Watch it carefully !!!!