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Jan 10, 2012, 02.26 PM IST
Sudarshan Sukhani, s2analytics.com is of the view that one can short Yes Bank.
Sudarshan Sukhani, s2analytics.com is of the view that one can short Yes Bank .
Sukhani told CNBC-TV18, "Yes Bank is a sell. No matter what it does, what the results are. Two-three banks are going to start reporting today. Yes Bank is looking at a lower level and I think there is no sense in trying to catch falling knives and saying okay, this is the lowest it can go, it will go lower. So, Yes Bank is a consistent sell." He further added, "You look for target of Rs 238 and then quite lower. If the market goes up today, that may not come about. In fact you may not even want to go short in anything. But if you want to, Yes Bank is an appropriate candidate for shorting."
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