Sukhani told CNBC-TV18, "I would be away from Kotak Mahindra Bank. I would be away from most private sector banks. Kotak Mahindra Bank in spite of today's rally is developing what I would consider a potentially bearish pattern. So it is best to stay away. The only banks that I am keen to look at are the Public Sector Undertakings (PSU) banks where buying is suggested. My sense is that the private sector banks will offer selling opportunities soon. That includes Kotak in spite of one day rally."
On Jan 22, Kotak Mahindra Bank closed at Rs 640.55, up Rs 11.50, or 1.83%. It has touched an intraday high of Rs 647 and an intraday low of Rs 629.20.
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