Karnataka Bank

#1
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
 
#3
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.
 

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?