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When asked about Kotak Mahindra Bank shares, the market expert said immediate support will be at Rs 1,650. "A decline below the said support level can drag the stock towards Rs 1,600. Resistance will be at Rs 1,730-1,740 levels," Palviya told Business Today TV.
Havells India is displaying signs of breaking out of a prolonged consolidation period. The stock has given a breakout of the symmetrical triangle pattern.
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Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
A total of 603,071 shares changed hands on the counter till 12:53PM (IST)