IndusInd Bank may test Rs 380-385: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Post results the way the shorts have been piled up on IndusInd Bank counter, we have seen fresh short of 9 percent being piled up and it has gone below Rs 414-410 range, which was acting as a very strong support for it. So, it is opening gates to retest the stronger support zones around Rs 375-380."

"If we do get a small gap up also in IndusInd Bank, it should be utilised as a selling opportunity, keeping a stoploss of Rs 412-414 and I would be taking a target around Rs 385-380 and would be covering my short positions there," he said.