KOTAK BANK View

KOTAK;BANK currently have a weakest technical structure in BANKS. The entire upmove from OCTOBER is not at all Trending, what’s happening since last 2 months is only DISEPTION which most probably have ended. Now what I am saying would hold true,
When MARKET starts to decline with higher intensity. And it corrects the entire upmove which started from JUNE lows. Eventually we would go there, but people will realise only when it actually goes there.
There is a difference between going short and not going long. I stopped going long from NOVEMBER 9th, really don’t mind missing few 100 points, now we are short waya MARCH puts. I have a certain plans to carry on with such TRADES. Coming back to KOTAK now.
The upsides till 1,900-1,920 should be utilized to add shorts. But if it breaks 1,820 this decline will enter in its next stage which would suggest Targets of 1,756 and 1,696 on cash in coming days. TIME is neutral as of now but on edge for a turn on BEARISH side!