Live: Nifty Set for Further Recovery After Bouncing Off Lows? Kotak Bank In Focus| Opening Bell
Nifty 50 showed a smart recovery from the day’s low (almost similar to January’s low), although it sustained a downward journey for six consecutive days, ending the session 27 points lower on February 12. The overall trend remains in favour of the bears, but the chart formation signals the possibility of a rebound soon, according to experts. Therefore, if it sustains 23,000 on a closing basis in the upcoming sessions, the immediate hurdle on the higher side will be 23,200-23,300. However, falling below this level could open the door for Wednesday’s low of 22,800. Among stocks to watch, Kotak Mahindra Bank will be in focus as RBI lifts restrictions From Issuing New Credit Cards, Adding Customers Online. Also watch out for Bharat Forge, Honasa Consumer post Q3 earnings. Catch Nandita Khemka in conversation with Chandan Taparia, Senior Vice President, Head – Derivatives & Technical Research, Motilal Oswal and Sandeep Bagla, CEO, TRUST Mutual Fund
