Go long in IndusInd Bank, may test Rs 1020: Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "In IndusInd Bank we have already seen a steady rise right from the Rs 800. The recent breakout from the continuation pattern again provides a fresh set up wherein long positions can be build up. We are expecting this particular move to extend up to Rs 1,020 and stop loss can be placed at Rs 908 for the stock."At 13:14 hrs IndusInd Bank was quoting at Rs 940.10, down Rs 6.60, or 0.70 percent. It has touched an intraday high of Rs 950.80 and an intraday low of Rs 938.10.