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| Discuss Karnataka Bank at the Fundamental Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I bought Karnataka Bank shares (100 shares for 122 Rs/-). Now the price is ... |
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#1
24th July 2005, 10:01 PM
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Karnataka Bank
Hi,
I bought Karnataka Bank shares (100 shares for 122 Rs/-). Now the price is 110/- Rs. Can any one suggest the future of Karnataka Bank. Thanks in advance 
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#2
28th July 2005, 04:52 PM
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Re: Karnataka Bank
sell now
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#3
28th July 2005, 06:20 PM
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Re: Karnataka Bank
Karnataka Bank has risen very smartly from 65 odd levels to current levels when there were rumours of Anil Ambani on the lookout of buying a bank & KTK Bank being one of the best takeover candidates.
However, the run-up dired up as soon as a denial for the same was reported. Though the bank was very much able to maintain the leads it made & hsn't gone down much from its highs touched on n after the news. To be fair the bank is pretty decent though is facing (as usual) a lot of selling around 120-125 levels which is nothing new for this scrip. Earlier also all its attempts to go past 128 convincingly have more or, less failed. I'd advice an exit around 120-122 with a SL of 105 on downside.
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