Indusind bank is at consolidation since 6th October. The context to note here is that banknifty is yet to catch up with nifty. 12000 level is a psychological level and if nifty holds 19000 to12000 levels then banknifty will soon catch up. Thereby Indusind will touch the sky. For educational purpose.
Reliance should come down 1 or 2% before building the enough momentum to go up further
Banknifty to visit 24600, 250000 levels by this week expiry.
These are the important levels to watch out for in Indusind bank. Crossing of these levels mean that the stock will be pulled to the adjacent next level.