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Saturday, January 25, 2014

KOTAKBANK



KOTAKBANK has also given a decisive bar with a close of 686.95, almost 3 % down bar. Without crossing previous day’s close, it has indicated a down signal. It has made a great bearish pattern, “ Head & Shoulder “ which indicates a dangerous fall. A short position can be initiated for the targets of 677 & 667 in a short term. A closing basis Stop Loss can be set at 701. Please refer the chart below for better understanding.




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