Kotak Mahindra Bank gains 1.1% near a 10-month high

Kotak Mahindra Bank Limited shares rose 1.11% to Rs 443.55 and trade near a 10-month high. The 200-day SMA near Rs 417 is support and Rs 445.50 is resistance. Kotak Mahindra Bank Limited [

]shares rose 1.11% to Rs 443.55 by 12:40 pm on 9 October. The stock is trading close to its highest level in about 10 months. The session has so far touched a high of Rs 444.50 and a low of Rs 437.60. The price is now close to the Rs 445.50 calendar year 2026 high, which may act as the immediate resistance. On the daily chart, the stock is trading above its 200-day SMA of Rs 417.05, after spending months near that average. It has recovered from a March low near Rs 345. Holding above a long-term average points to improving strength, but it does not show that the rally will continue. A stock near a yearly high can also pause or pull back. Rs 417, near the 200-day SMA, is the support. A fall below it would put lower levels in view. A move above Rs 445.50 would bring fresh highs for the year into focus. Neutral stance while price trades between Rs 417 and Rs 445.50. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.