Recommended
stocks on – 02.05.2024
(1) KOTAK BANK -
Ø Buy price : 1577
Ø Strong Support : 1550
Ø Resistance price : 1593 – 1606
Reasons
for Buy Recommended –
A bullish sentiment for Kotak Mahindra Bank
can stem from several factors, such as its strong fundamentals, consistent
performance in the banking sector, innovative financial services, and growth in
India's economy.
Strong Fundamentals - Kotak Mahindra Bank
has a robust capital adequacy ratio (CAR), often exceeding regulatory
requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating
effective risk management. Strong retail and corporate loan portfolio
diversification reduces risk.
Recommended
stocks on – 02.05.2024
(2) ACC -
Ø Buy price : 2540
Ø Strong Support : 2490
Ø Resistance price : 2564 - 2573 - 2580
Reasons for Buy Recommended –
A breakout above this level could signal a more
significant bullish move.
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