IndusInd Bank can touch Rs 342: IIFL

IndusInd Bank can touch Rs 342, says Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL.

Vayalar told CNBC-TV18, "Bank Nifty is almost at 10120 levels and the pivot in this open interest what I am seeing is somewhere close to a 9760. I feel that is a level below which all this analysis can go for a toss. So we are on Bank Nifty because I feel it has a potential all the way till 11100 with a stop loss of 9760 and stock specific this time I feel it would be the largecap that would see some activity."
He further added, "A conformation above 10300 is where we will see the money coming into the cash part of the big stock but as of now we are just buying IndusInd Bank, that