Buy IndusInd Bank; target Rs 978: Sameet Chavan

Sameet Chavan, Technical Analyst at Angel Broking told CNBC-TV18, "From the private banking space, we like IndusInd Bank. If we look at the Friday’s price movement, this stock managed to surpass its 20 DMA which was placed around Rs 911-912 on a closing basis. The volumes were also good. This clearly indicates that the stock is likely to move upside in next few days.""If we look at the placement of RSI on the daily chart, it is positively poised. Thus, with a target of Rs 978 it can be bought by keeping a stoploss of Rs 895," he added.