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Published on 19/01/2022 12:12:18 PM | Source: Religare Broking Ltd

Buy IndusInd Bank Ltd For Target Rs. 30 - Religare Broking

Posted in Broking Firm Views - Short Term Report| #IndusInd Bank Ltd #Banking Sector #Trading Report #Religare Broking Ltd

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Derivative Ideas

INDUSINDBK shed 2.27% and closed at 899.65 on 18th Jan. After the recent upmove, the scrip is showing profit taking along with its pack. However we feel the retracement to extend till 880 levels in the short term. We recommend to go Short in INDUSINDBK with PE option.

Strategy:- BUY INDUSINDBK 900 PE @ 16-18, SLOSS AT 12, TRGT 30.

 

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