Kotak also called for "steroids" for the auto industry to push up sagging sales.

The overall structure shows Nifty is approaching the upper end of an Ending Diagonal pattern.

Buy Indian Bank at a price target of Rs 361.0 and a stoploss at Rs 346 from entry point.

"The cheaper brand is not meant for rural areas. The rural people want a better brand."

A low of 10,755 could now be considered as a new higher bottom of the sequence.

The total cotton sowing area is likely to be reduced by 10 lakh hectares from 40 lakh hectares on one hand.