Kotakbank gives one more opportunity to buyers:

Move in banking stocks is about to start. During the horror period of last two months, almost most of the stocks have fallen heavily. Out of various sectors, pharma, two-wheelers have gained momentum and gave handsome returns to investors.

Now it’s time for banking stocks to show, what they are capable of.

KotakMahindra bank have consolidated almost 10.5% from its previous resistance. It also closed above 50 day moving average and confirmed its move. Now it have given an opportunity to investors to bet again on it.

In coming days, it is expected to give 11% return by the end of this month. Target price will be around, 1586.