Book some profits in IndusInd Bank: Nooresh Merani

Nooresh Merani of Asian Market Sec told CNBC-TV18, "Technically, IndusInd Bank gave a fresh breakout couple of month back when it hit a new all time high and is continued in to new momentum and getting closer to an overbought zone. So, I would suggest partial profit booking in the range of Rs 1,150 to 1,250. That would be a good zone to book partial profits because at the same time other banks have not done really well, so may be a shift to Kotak Mahindra Bank at lower levels would be a good shift partially."At 14:50 hrs IndusInd Bank was quoting at Rs 1,125, up Rs 17.95, or 1.62 percent on the BSE.