Jitendra Panda of Capital First Securities told CNBC-TV18, "If one sees IndusInd Bank there was lot of trading buys and the bank was doing well with a lot of positions built on long side now. I believe it is a sell, one needs to keep a stop loss of Rs 390. I see a trading gain up to Rs 360 which is my target level."
"Suddenly this bank had seen lot of upside and the long positions are still holding on. I think it is cracking and we see the stop loss getting triggered there," he added.
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