KOTAK BANK has formed a rounding top and broke down with good selling and closed below support .
It has formed 5 NR candles today . Can go short below 1475 with stop loss of 1515 and targets to trendline support of 1420 .
Gave idea of YESBANK long few days back but it failed to hold a strong support level and has now retraced back and has formed an engulfing pattern .
Can go short below 146 with a stop loss of 159 for targets to next weekly support level of 135 and then 120 .