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