Hey Sagar, If you have an Indian passport then nope, you can't do that. If you want to enter Bosnia/Montenegro, either you need a Schengen Visa or need to apply for a separate visa for Montenegro.
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Hey riya.. thanks for the reply.. but since i posted this question a long time ago, in the meanwhile i called up the bosnia embassy in india and they said that an indian with a valid usa visa can enter bosnia without a visa. p.s. love all your european posts..