Devang Shah, Technical Analyst at Angel Broking has recommended trading strategies on Kotak Mahindra Bank and GAIL. He gave following rationale for technical strategies:

1. Kotak Mahindra Bank
View-Bullish
Last Close-Rs. 1404.45

''The stock seems to be enjoying its multi-year Bull Run. The stock is trading above Bollinger Bands, which is a sign of strength. Further, it is trading in an uptrend with 'Higher top higher bottom' on weekly chart. The 'RSI' on daily chart still is sloping in the northward direction, providing credence to the recent price action. Prices are trading at all-time highs, which show its outperformance in the recent market turbulence. Thus, we recommend buying this stock at current levels for a target of Rs 1499 over the next 10-15 sessions. The stop loss should be fixed at Rs 1344.''

2. GAIL
View-Bullish
Last Close-Rs. 356.85

''On the daily chart, the stock prices formed a base on the long-term support around 298 levels. At the current juncture, prices seem to have resumed the primary uptrend with a bullish breakout seen post-consolidation. Prices are well above 10 DEMA, indicating bullishness in the counter. The stock is trading above Bollinger Bands, which is a sign of strength. Hence, we recommend buying this stock at current levels for a target of 384 over the next 10-15 sessions. The stop loss should be fixed at Rs 339.''

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