Yes Bank can test Rs 250: Rohit Shinde

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Yes Bank can test Rs 250: Rohit Shinde

Yes Bank can test Rs 250, says Rohit Shinde, CD Equisearch.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rohit Shinde See what other Experts & Brokerages are saying about Yes Bank See messages about Yes Bank YES BANK BSE | NSE 10/02/12 Are Mutual Funds betting on YES BANK?

Yes Bank can test Rs 250, says Rohit Shinde , CD Equisearch.

Shinde told CNBC-TV18, "Yes Bank is above its 20 day and 50 day EMA since the past 2 and a half months and it is currently also bouncing back from the oversold levels. So basically we can expect it to be above Rs 220 and if the current market price is around those levels, we can expect it to go around Rs 250 levels with a stoploss of around Rs 210 levels."

Disclosure: I don't have a personal holding in any of the above stock/ sector today but may have recommended them to clients.