Stock of the day : Indusind Bank Ltd. For Target Rs.54 - Religare Broking
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Indusind Bank Ltd.
* INDUSINBNK has been in the corrective phase from past more than 4 months after hitting 52 week high.
* It has witnessed a breakdown from the prolonged consolidation suggests weakness to continue.
* Stock is trading below its key moving averages denotes weakness in trend.
* We thus recommend creating shorts through the Put option
Buy Indusind Bank Ltd. CMP 32.40 Range 28-32 SL 21; Target 54
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SEBI Registration number is INZ000174330
