Sell IndusInd Bank May future with a target of Rs 990: Gaurav Ratnaparkhi

Gaurav Ratnaparkhi of Sharekhan is negative on IndusInd Bank May futures. The expert has recommended sell on the stock future with a target of Rs 990 and a stop loss of Rs 1,060. The stock has remained flat in the past one week. The stock faces its 20-day moving average at around Rs 995.38 level.