F&O Query: Analysis of Kotak Mahindra Bank call option

What is the outlook for Kotak Bank? Do you recommend buying 2160-call option of January? – Tarun Dutta

Kotak Mahindra Bank (₹2,132.60): The stock has been attempting to break out of the resistance at ₹2,250 since April last year. The latest one happened early this month but failed once again.

So, the next round of rally cannot happen until the bulls clear the barrier at ₹2,250. That said, the stock is now hovering near a support at ₹2,110. Subsequent support is at ₹2,065. But whether these can trigger a rally is uncertain. Even if there is an uptick, it is likely to be capped at ₹2,250.

Therefore, buying a call option at the moment carries higher risk. If your risk tolerance allows, you can buy 2160-call at ₹27. Target and stop-loss can be ₹50 and ₹18 respectively.

Note that the stock will undergo modifications in F&O contracts adjusting for the split. It will be effective from January 14. The details of the same can be found here.

Send your queries to derivatives@thehindu.co.in

Published on January 13, 2026