Yes Bank, Mahindra Satyam can move up: Sukhani

Sukhani told CNBC-TV18, “We have seen Yes Bank turnaround, come back to Rs 300. It has met its bearish pattern targets at Rs 300. All banks turned around on Friday. Yes Bank is probably going to participate in any rally that the banks do, so the idea should be to go long here. If the long position works out, we could easily see Rs 325 for the stock.”

He further added, “I wouldn’t trade it at all since Mahindra Satyam is not my favourite stock. But there is a case to be made for going long in it although I wouldn’t do it. But the charts tell you that a long position can be taken and a target of even Rs 77 or 80 is possible.”