Sell IndusInd Bank: Sudarshan Sukhani

Jul 11, 2013, 02.24 PM IST

Short term traders may sell IndusInd Bank, advises Sudarshan Sukhani of s2analytics.com.

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Short term traders may sell IndusInd Bank, advises Sudarshan Sukhani of s2analytics.com.

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Sell IndusInd Bank: Sudarshan Sukhani

Short term traders may sell IndusInd Bank, advises Sudarshan Sukhani of s2analytics.com.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "If someone is a short-term trader then one should sell IndusInd Bank now. Today is a good day. We have had a big run in the Nifty, in the Bank Nifty where IndusInd Bank has rallied. Yesterday the results have already come out so all the good news is now factored in. It is also technically likely to face resistance at current levels. That is for the short-term trade."

"If someone is looking for a long haul then clearly IndusInd Bank is an outperformer and there is no rush to sell. One can stay for a year or two years whatever the time horizon is and one will see better prices."

Also Read: IndusInd up 2% on strong Q1, Kotak Sec ups price target

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