Buy Yes Bank; stay away from Reliance Comm: Sukhani

Sukhani told CNBC-TV18, “Banks are again picking up steam, so Yes Bank can be considered for buying. If for some chance the market opens lower then these long positions should be closed immediately. Otherwise Yes Bank is something that can move up to Rs 375.”

He further added, “ Reliance Comm chart does not look very attractive and I say that relatively, because we have two very good looking charts in the telecom sector, Idea and Bharti, Bharti is the first and Idea is the second. So when we compare that with RCom, RCom is much lower on the confidence level. I would simply stay away from it."