Stock of the day : IndusInd Bank Ltd For Target Rs.48 - Religare Broking Ltd
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IndusInd Bank Ltd
* Trading in a consolidation range i.e. 1360-1480 for the last two months.
* Seeing dip after retesting the upper band of the range.
* Uptick in volumes on the down days indicates possible pressure ahead.
* We thus recommend creating short trades through Put option.
Buy IndusInd Bank Ltd CMP 26.35; Range 24-27; SL 17; Target 48
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SEBI Registration number is INZ000174330
