Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Kotak Mahindra Bank shares on 29 June

Dharmesh Shah of ICICI Securities has recommended buying Kotak Mahindra Bank shares on 29 June as part of his daily stock picks. Indian benchmark indices opened on a muted note with Nifty 50 at 24,061.75 and Sensex down 0.06 percent at 77,055.21, though technical setup remains constructive with a potential target of 24,800 on a close above the 100-day EMA of 24,200. Bank Nifty is expected to outperform towards 60,000 following a five-year consolidation breakout, while easing crude prices (Brent at three-month low of 73 dollars) may benefit Auto, OMC, Paint, Aviation and Realty sectors.