As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 1390-85 level the Possibly It will test 1360,1340,1300 level in Near Term.
If you are ready then go with Hedge Position.
Buy 1420 CE Near 33-34 and sell Indusind Bank future Below 1405-1403 stop Loss 1425 target 1370,1350
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.