Downside Seen in Yes Bank, Kotak Mahindra Bank: Prudent Broking
Pradip Hotchandani, head-research at Prudent Broking Services, says from the banking space, Yes Bank and Kotak Mahindra Bank stocks are showing negative divergence. He says if Yes Bank and Kotak Mahindra Bank break their support levels at Rs 771 and Rs 1,275, respectively, the stocks can see a further correction of 10 per cent.
