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Weekly stock picks by Religare Broking: Buy IndusInd Bank, ICICI Pru Life

In the banking space, private banking majors are leading from the front and still looking buoyant

Trading Strategy
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Religare Broking Mumbai
Buy INDUSIND BANK LIMITED

Last Close: Rs 1,516
 
Initiation range: Rs 1,510-1,515

Target: Rs 1,550
 
Stop loss: Rs 1,495
 
In the banking space, private banking majors are leading from the front and still looking buoyant. Indusind Bank has witnessed a fresh breakout from a consolidation range on December 24 and is likely to see fresh surge ahead. We advise creating fresh longs in the given range.
 
Buy ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED

Last Close: Rs 500.05

Initiation range: Rs 495-500

Target: Rs 524

Stop loss: Rs 488

ICICIPRULI has retraced marginally of late from its record high and

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