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IndusInd Bank

IndusInd bank:-

 18th Dec 2013
Post RBI dovish stance, there is a good momentum in the rate sensitive stocks. However, due to impending FED taper meet later in the day, the stock was unable to cross the resistance of 440.

If FED doesnt taper in the 18th Dec FOMC meet, then the stock would clearly break on the upside for target of 470.

CMP - 429
SL - 410
T - 440/ 452 / 467/ 505

Trade advice should be intiated only when price breaks above 435 levels on 19th Dec.
30 Min Chart

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