Kotak Bank is at a crucial breakout level of ₹1997~₹2000. Kotak has been in a tight range for the last 1.4 years since Nov 2021. A buying of $800 million is expected from MSCI rebalancing. Banknifty is at ATH, and kotak is yet 10% away from ATH. With good results & at avg PBV, fresh buying could emerge after breakout. Kotak is also the only listed large private bank with more than 25% promoter holding. We suggest buying post breakout for targets ranging from 10% (2200) to 17% (2300) to 37% (2700) upside, with a strict stop loss below 1830.
